IDEAL CRYSTAL SCHOOL

10, Folarin Olawale Cole Street, Off Ajibola Crescent, Alapere Lagos
Tel: 07039739120; 08169272860

THIRD TERM EXAMINATION ANSWER SHEET

2022/2023 ACADEMIC SESSION

CLASS: JSS 1 DATE: ………………….

ADMISSION NO: ……………………………………… SEX: M F
SUBJECT: BUSINESS STUDIES
Shade the correct answer from the options letter A – D
1. [A] [B] [C] [D] 11. [A] [B] [C] [D] 21. [A] [B] [C] [D] 31. [A] [B] [C] [D]
2. [A] [B] [C] [D] 12. [A] [B] [C] [D] 22. [A] [B] [C] [D] 32. [A] [B] [C] [D]
3. [A] [B] [C] [D] 13. [A] [B] [C] [D] 23. [A] [B] [C] [D] 33. [A] [B] [C] [D]
4. [A] [B] [C] [D] 14. [A] [B] [C] [D] 24. [A] [B] [C] [D] 34. [A] [B] [C] [D]
5. [A] [B] [C] [D] 15. [A] [B] [C] [D] 25. [A] [B] [C] [D] 35. [A] [B] [C] [D]
6. [A] [B] [C] [D] 16. [A] [B] [C] [D] 26. [A] [B] [C] [D] 36. [A] [B] [C] [D]
7. [A] [B] [C] [D] 17. [A] [B] [C] [D] 27. [A] [B] [C] [D] 37. [A] [B] [C] [D]
8. [A] [B] [C] [D] 18. [A] [B] [C] [D] 28. [A] [B] [C] [D] 38. [A] [B] [C] [D]
9. [A] [B] [C] [D] 19. [A] [B] [C] [D] 29. [A] [B] [C] [D] 39. [A] [B] [C] [D]
10. [A] [B] [C] [D] 20. [A] [B] [C] [D] 30. [A] [B] [C] [D] 40. [A] [B] [C] [D]

1. Which accounts are affected in a double-entry bookkeeping system? a) Only revenue and expense accounts b) Only
asset and liability accounts c) Both asset and liability accounts, and revenue and expense accounts d) None of the
above
2. Which of the following is an example of a double-entry bookkeeping entry? a) Debiting an expense account and
crediting an asset account b) Debiting an asset account and crediting a liability account c) Debiting a
revenue account and crediting an expense account d) Debiting a liability account and crediting a revenue account
3. What is the purpose of double-entry bookkeeping? a) To record all financial transactions accurately b) To maintain a
record of revenue only c) To track expenses and liabilities d) To calculate profit and loss
4. What happens to the accounting equation in a double-entry bookkeeping system? a) It remains unchanged b) It is
irrelevant in double-entry bookkeeping c) It is expanded to include revenue and expense accounts d) It must always
balance with each transaction
5. In a double-entry bookkeeping system, what does a credit entry signify? a) An increase in assets or expenses b) A
decrease in assets or expenses c) An increase in liabilities or equity d) A decrease in liabilities or equity
6. What is the primary purpose of keyboarding? a) To type documents quickly and efficiently b) To organize files and
folders c) To create spreadsheets d) To design graphics
7. Which hand is responsible for typing most of the letters on the keyboard? a) Left hand b) Right hand c) Both hands
equally d) It depends on the keyboard layout
8. Which finger is typically used to press the "Enter" key? a) Index finger b) Middle finger c) Ring finger d) Thumb
9. What is the correct hand and finger placement for touch typing on a QWERTY keyboard? a) Left hand: ASDF,
Right hand: JKL; b) Left hand: QWERT, Right hand: YUIOP; c) Left hand: ZXCV, Right hand NM, (d) left
hand ;QAZ,right hand :WXZ
10. Which part of the keyboard contains the alphabetical keys? a) Function keys b) Numeric keypad c) Alphanumeric
keys d) Control key
11. Which part of the keyboard is used for numerical input? a) Arrow keys b) Alphanumeric keys c) Function keys
d) Numeric keypad
12. What is the purpose of the Esc key on a keyboard? a) To open the Start menu b) To switch between open
applications c) To cancel or exit a command or function d) To navigate within a document
13. Which key is used to capitalize letters while typing? a) Shift key b) Alt key c) Ctrl key d) Enter key
14. What should you do to protect your computer from power surges and outages? a) Keep the computer plugged into a
power source at all times. b) Use a surge protector or uninterruptible power supply (UPS). c) Turn off the computer
during thunderstorms. d) Use a lower wattage power adapter.
15. What is the best way to clean the exterior of a computer? a) Use a damp cloth with water. b) Use a dry cloth without
any liquid. c) Use a mixture of water and household cleaning chemicals. d) Use compressed air to blow away dust
and debris
16. How often should you back up your important files and data? a) Once a month b) Once a year c) Only when you
experience computer issues d) Regularly, such as daily or weekly
17. What is the purpose of antivirus software? a) To speed up computer performance b) To protect against physical
damage c) To prevent unauthorized access to the computer d) To detect and remove malicious software
18. How should you handle liquid spills on a computer? a) Shake the computer to remove the liquid. b) Wipe the liquid
with a cloth while the computer is turned on. c) Immediately turn off the computer and unplug it, then clean the
liquid with a dry cloth. d) Use a hairdryer to dry the liquid quickly.
19. What is the purpose of installing regular software updates on a computer? a) To remove unnecessary files and free
up storage space b) To enhance the computer's performance and speed c) To update the computer's operating system
and applications with the latest security patches and bug fixes d) To update the computer's hardware
20. How should you handle the computer's peripherals (e.g., keyboard, mouse)? a) Drop them from a height to remove
dust and debris. b) Clean them with water and soap. c) Use compressed air to remove dust and debris. d) Shake them
vigorously to dislodge dirt.
21. What is the best practice for safe and secure internet browsing? a) Download and install every available browser
extension. b) Visit only trusted websites and avoid clicking on suspicious links or pop-ups. c) Disable the computer's
firewall for faster internet speed. d) Share personal information freely on social media platforms.
22. How should you handle the computer when moving it to a different location? a) Drag it across the floor to avoid
strain. b) Hold it by the monitor or screen. c) Use a proper carrying case or handle the computer from the base.
d) Disassemble the computer before moving it.
23. Documents used for preparing accounts are …………. [a] cheque [b] source documents [c] purchase [d] note
24. Which of these is not a source document [a] invoice [b] receipt [c]credit note [d] draft
25. ……………… means the transfer of goods and services from one place to another [a] transportation [b] bill
[c] business [d] transaction
26. ,,,,,,,,,,,,,,,,, is the first book in which we record the transaction of a business [a] journal [b] file [c] docket [d] bond
27.. Each record in the journal is called a/an … [a] forward [b] carriage [c] entry [d] positioning.
28. A joint journal used for both sales and purchase is called…… [a] joint journal [b]general journal [c] passbook
[d] original journal
29. Which of these is not a type of journal [a] purchase journal [b] returns inward journal [c] balance brought forward
journal [d] sales journal
30.The sum of the debit side must always be equal to that of the credit side [a] true [b] false © not sure (d) I don’t
understand
31.. ……. Is anything of value that is owned by business [a] liability [b] expenses [c] asset [d] capital
32.…………. Is the total investment in a business [a] capital [b] asset [c] expenses [d] liability
33.. The amount owed by a business to another is……… [a] liability [b] expenses [c] asset [c] capital
34.Which occupation involves designing buildings and overseeing their construction? a) Architect b) Surgeon c) Lawyer
d) Teacher
35.Who is responsible for diagnosing and treating diseases and injuries in patients? a) Engineer b) Chef c) Accountant
d) Doctor Answer: d) Doctor
36.Which profession involves representing clients in legal matters and providing them with legal advice? a) Pilot b) Chef
c) Lawyer d) Scientist Answer: c) Lawyer
37.Which occupation involves teaching students in an educational institution? a) Engineer b) Nurse c) Teacher d) Artist
38.Who is responsible for repairing and maintaining electrical systems in buildings? a) Plumber b) Electrician
c) Carpenter d) Mechanic Answer: b) Electrician
39.Who is responsible for managing financial records, preparing tax returns, and providing financial advice to clients?
a) Accountant b) Journalist c) Pilot d) Actor
40.Which occupation involves investigating and solving crimes? a) Detective b) Chef c) Teacher d) Engineer

Theory
Answer any four questions
1.a. What is a source document?
b. Write short notes on the following: I Invoice ii Receipt iii Debit note iv Credit note
2 a. Explain general journal and special journal.
b. Ibitoye.A purchased the following on credit from Marvic Big LTD:
June 10: Office stamp supplied @ #1,500
June 13: Office furniture @#12,100
June 20: Office equipment @ #1,800
You are required to write up the above transaction in the appropriate journal account.
3. a. Define keyboarding
b. List and explain 7 part's of a keyboard
c Outline 5 uses of a keyboard
4 a. Define computer
b State 5 proper care and upkeep of a computer
c. Explain ways to take special care of a computer
5. Outline part of computer keyboarding and their uses
6 a. Explain standard keyboard
b. List the features of standard keyboard