NAGA COLLEGE FOUNDATION, INC.

MT Villanueva Avenue, Naga City 4400

College of Accountancy and Finance
IT Application Tools in Business

Name: ____________________________________ Course/Block: ______________ Date: ____________

I. Choose the letter of the best and correct answer. NO ERASURES. USE PERMANENT INK FOR YOUR FINAL
ANSWER. NOT FOLLOWING INSTRUCTIONS DEEMED INCORRECT.

1. A formula that Compares two texts in a case-sensitive manner if they are the same
A. Compare B. Exact C. True D. False

2. The below illustration shows the compare formula

A. TRUE
B. FALSE

3. A formula that Gives you the number of characters of the text

A. COUNT B. COUNTIF C. LEN D. SUM
4. function searches vertically (top to bottom) the leftmost column of a table until a value that matches or exceeds
the one you are looking up is found
A. FIND B. SEARCH C. VLOOKUP D. XLOOKUP
5. The function that counts the number of cells that contain numbers and counts numbers within the
list of arguments
A. COUNT B. COUNTIF C. VALUE D. COUNTA
6. The function that counts the number of cells that contain numbers and counts numbers and non-numerical
within the list of arguments
A. COUNT B. COUNTIF C. VALUE D. COUNTA
7. The COUNT function counts the number of cells in a range that meets multiple criteria.
A. COUNT B. COUNTIF C. VALUE D. COUNTA
8. Refers to a program developed by Microsoft which uses spreadsheets to organize data and numbers with
formula and functions.
A. Excel B. Sheet C. Spreadsheet D. Gsheets
9. first version of Excel, was released in 1982 for the Macintosh, CP/M, and MS-DOS operating systems.
A. Microsoft Disk Operating System C. Excel 1.0
B. Multiplan D. Excel 3.0
10. stores all of the data that you have entered and lets you to sort or calculate the results.
A. Workbook B. Sheet C. Shared workbook D. Excel File
 11. A preferred email client used to access your email accounts
A. GMAIL B. Yahoo mail C. Messenger D. Microsft Outlook
12. These are commonly used when you will be out of office for a specific date and want to inform the sender that
you’re not available and won’t be able to read their messages immediately
A. Vacation leave letter B. Automatic replies C. Automatic vacation D. Out of Office reply
13. Helps reduce manually filing or taking the same action when similar messages arrive and always run
automatically
A. Automatic replies B. Rules C. Automatic run D. Automatic filing
14. Those email addresses are also visible to the main recipient.
A. CC B. BCC C. To D. From
15. are invisible to all other recipients
A. CC B. BCC C. To D. From
16. a cluster of cells that have been identified as a group based on a variety of criteria.
A. Cell range B. Cell Reference C. Cell D. Active Cell
17. It is the central control panel of Excel. It offers shortcuts to commands in Excel.
A. Home Tab B. Ribbon C. Ribbon Bar D. Control Panel
18. If you want to combine text or a range of cells together, you use
A. CONCATE B. TEXTJOIN C. CONCATENATE D. CONC
19. “ Ctrl + Shift + : ” is a shortcut for
A. Date B. Date and Time C. Time D. Today
20. “Ctrl + D” is a short cut for
A. To fill right from cell left
B. To fill down from cell above
C. To fill down from cell below
D. To fill right from cell right
21. Who is the Dean of the College of Accountancy and Finance?
22. Who is the Program head of the Accountancy Program?
23. Who is the Associate Chair of the Accountancy Program?
24. Who is the Governor of the CSC-CAF?
25. Who is the JPIA-NCF Chapter adviser?

II. Practical Test

In Microsoft Excel, prepare the following: Chart of Accounts, Journal Entries, Trial Balance

Chart of Accounts:

101 Cash 310 Hilario, Capital

120 Accounts Receivable 320 Hilario,Withdrawal
130 Office Supplies 410 Service Revenue
140 Office Equipment 510 Salaries Expense
210 Accounts Payable 520 Telephone Expense
220 Unearned Service Revenue 530 Utilities Expense
540 Rent Expense

Account
Date Particulars Debit Credit
Number
 1-Dec 110 Cash 150,000.00

310 Hilario,Capital 150,000.00

To record investment of owner

4-Dec 140 Office Equipment 45,000.00

210 Accounts Payable 45,000.00

To record purchase of equipment

5-Dec 540 Rent Expense 5,000.00

110 Cash 5,000.00

To record payment of rent

7-Dec 130 Office Supplies 5,500.00

110 Cash 5,500.00

To record purchase of office supplies

9-Dec 120 Accounts Receivable 33,000.00

410 Service Revenue 33,000.00

To record billed services to client

11-Dec 110 Cash 12,800.00

220 Unearned Service Revenue 12,800.00

To record advance payment from customer

12-Dec 210 Accounts Payable 15,000.00

110 Cash 15,000.00

To record settlement of the account previously owed

16-Dec 110 Cash 30,600.00

410 Service Revenue 30,600.00

To record service rendered

19-Dec 130 Office Supplies 8,000.00

 210 Accounts Payable 8,000.00
To record purchase of office supplies

20-Dec 110 Cash 11,000.00

120 Accounts Receivable 11,000.00

To record collection from previously billed customer

26-Dec 510 Salaries Expense 12,000.00

110 Cash 12,000.00

To record payment of salaries

28-Dec 510 Salaries Expense 1,990.00

110 Cash 1,990.00

To record payment of telephone expense

28-Dec 320 Hilario,Withdrawal 15,000.00

110 Cash 15,000.00

To record the withdrawal of the owner for personal use

30-Dec 530 Utilities Expense 980.00

210 Accounts Payable 980.00

To record received billing for utilities

1. Create a sheets for Chart of Accounts, Journal Entries and Trial Balance.
2. Gridlines should not be visible on the Worksheets.
3. Freeze:
a. Top Pane of Chart of Accounts
b. Top Pane of Journal Entries
c. Header of the Trial Balance
4. Vlookup should be use in journal entries
5. Use the Pivot Table as reference for creating a Trial Balance