Name:

Position Desired:

Date:

1. My name ___ Brian.

a. Are
b. Called
c. Is
d. Says
2. To sniff is to _____
a. Taste
b. Touch
c. Smell
d. Feel
3. To gather is to _________
a. Collect
b. Push
c. Give away
d. Buy
4. “I can’t _____ my passport. Have you seen it?”
a. Fill
b. Order
c. Find
d. Offer
5. They live two kilometers _______ from the train station.
a. Outside
b. Away
c. Around
d. Along
6. Write the number into words: _________________________
Php 1,011.75
7. Write the words into numbers: ____________________________
Seven Thousand Eighty-eight Pesos and Fifty-five Centavos
8. What is the sum:

45+10=_____

9. What is the sum:

20.50 + 5.20=______

10. What is the Difference:

50-35=______
11. What is the Difference:
100-80=______
12. What is the product of 9 x 8 = _________________

13. What is the product of 10 x 10 =_________________

14. Solve the problem: 50 / 2 =_________

15. Solve the problem: 80 / 4 =__________

Income Statement Debit Equity Cash

Balance Sheet Liability H20 Credit Asset

Statement of Retained Earnings

16. In double-entry accounting, this is the right side of an account is the _____ side.

17. In double-entry accounting, this is the left side of an account is the _____ side.

18. What is the most liquid of Assets?

19. This refers to a financial statement that reports a company's assets, liabilities, and shareholder equity at a
specific point in time. This is also called the Statement of Financial Position

20. This is statement that shows a company's revenues, expenses and profitability over a period of time. This is also
called the Statement of Financial Performance.

21. Depreciation Expense

22. Sales

23. Purchases

24. Cost of Goods Sold

25. Salaries Expense

26. Which of the following choices is an asset account?
a. Depreciation Expense
b. Prepaid Expenses
c. Common Stock
d. Accounts Payable

27. Which of the following choices is a liability account?

a. Depreciation Expense
b. Prepaid Expenses
c. Common Stock
d. Accounts Payable

28. Which of the following choices is an expense account?

a. Depreciation Expense
b. Prepaid Expenses
c. Common Stock
d. Accounts Payable

29. On December 31, 2023, the Company purchased an office supplies amounting to Php 1,000. Half of this was paid
on cash and half was on credit. Please provide the journal entry in the space provided

Date Particulars DR CR

30. Bonus Round. What is the relevance of Accounting in your life. If you are giving the opportunity to define it, how
you define accounting? Note: Your answer should not be more than 100 words.