Bece Business Studies Past Questions and Answers

Question 81:

• BECE 2023

Which of the following is a current asset?

A. Cash
B. Furniture and fitting
C. Goodwill
D. Land and building
E. Plant and machinery

Question 82:

• BECE 2023

The aim of the profit and loss account is to show ____________

A. Gross loss.
B. Gross profit/loss.
C. Net loss.
D. Net profit/loss.
E. Net profit.

Question 83:

• BECE 2023

The principle of recording transactions in book keeping is based on ____________

A. Assets and liabilities.
B. Buyers and sellers.
C. Creditors and debtors.
D. Givers and receivers.
E. Profit and loss.

Question 84:

• BECE 2023

Money received and paid is recorded in ____________

A. Cash book.
B. Invoice.
C. Journal.
D. Purchases day book.
E. Sales day book.

Question 85:

• BECE 2023

The following are features of an invoice except ____________

A. Cheque number of the paying customer.
B. Description of goods.
C. Name and address of the customer.
D. Reference number.
E. Terms of payment.