1/21/24, 11:27 AM FABM 2121 WEEK 11 - 20 SEC SEM

BAED-FABM2121 Fundamentals of
Accountancy , Business and Management 2

Question 1
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The adjusted trial balance is the last report prepared before the
____________ is made.
Select one:

a.
General ledger

b.
financial statement

c.
Worksheet

d.
General journal
Clear my choice
Question 2
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_____________________ is the comparison of a company's financial
statements from one period to another.
Select one:

a.
Ratio Analysis

b.
Horizontal Analysis

c.
Analytical techniques

d.
Vertical Analysis
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Question 3
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The commonly-used technique is ________________.
Select one:

a.
All of the choices

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b.
Vertical Analysis

c.
Ratio Analysis

d.
Horizontal Analysis
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Question 4
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The most common account is the ________________.
Select one:

a.
Deposit Account

b.
All of the choices

c.
Current Account

d.
Savings Account
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Question 5
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It contains a list of accounts with open balances in the general
ledger for a given perio~
Select one:

a.
Unadjusted Trial Balance

b.
General Ledger

c.
Income Statement

d.
General Journal
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Question 6
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This column of the general ledger is a very important part
because it is where the page number of the journal in which the
information was taken from is place~
Select one:

a.

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Credit

b.
Date

c.
Folio

d.
Debit
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Question 7
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This technique highlights computations that allow the reader to
understand how the company performs and positions itself
financially.
Select one:

a.
Ratio analysis

b.
none of the choices

c.
Horizontal analysis

d.
vertical analysis
Clear my choice

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Question 8
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To differentiate the different techniques of financial analysis.
Analysis based on the changes on the amounts from one period to
another are usually expressed _______________________.
Select one:

a.
Neither absolute nor percentages

b.
Only in absolute numbers but not in percentages

c.
Both absolute numbers and percentages

d.
Either absolute numbers or percentages
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Question 9
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It is the fund maintained by an individual or an entity in a bank
that allowed money to be deposited or withdrawn
Select one:

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a.
Deposit account

b.
Current Account

c.
Savings account

d.
None of the choices
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Question 10
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When do we prepare the unadjusted trial balance?
Select one:

a.
Either A or B

b.
After Journalizing

c.
Before posting

d.
After posting
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Question 11
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This column of the general ledger describes what the transaction
is all about.
Select one:

a.
Debit

b.
Folio

c.
Explanation

d.
Credit
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Question 12
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The dates of the transactions should be written in
Select one:

a.

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Systematic and in any order.

b.
None of the choices

c.
Ordinal

d.
Chronological
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Question 13
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Horizontal analysis only looks at financial statement information
one period at a time. Vertical analysis is the comparison of a
company's financial statements from one period to another.
Select one:

a.
Both statements are false

b.
The 1st statement is true. The 2nd statement is false.

c.
Both statements are true

d.
The 1st statement is false. The 2nd statement is true.
Clear my choice

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Question 14
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A general ledger is known as the book of final entry and
composed of a group of accounts.
Select one:
True
False
Question 15
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It highlights computations that allow the reader to understand
how the company performs and positions itself financially.
Select one:

a.
Ratio Analysis

b.
None of the choices

c.
Vertical Analysis

d.

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