Enterpreneurial Quiz

Question Number 1 It is an important means of communication to customers and clients. A. business letter B. collection letter C. credit letter D. follow-up letter Question Number 2 It allows a prospective customer to see what costs would be involved for the work they would like to have done or to the product they would like to buy. A. letter B. sales quatation C. claims and adjustments D. turning inquiries to sale Question Number 3 It is a type of sales letter which purpose is to sell good reputation and friendliness of a company A. goodwill letter B. collection letter C. credit letter D. routine business letter Question Number 4 It is recording all the transactions arising from your business activities. A. subsidiary book B. bookkeeping C. ledger D. journal Question Number 5 It is commonly known as the " book of original entry" A. bookkeeping B. journal C. ledger D. payroll Question Number 6 It is the computed salaries of workers. A. account B. debit C. sales subsidiary D. payroll Question Number 7 It is the normal balance of an asset A. cash receipt subsidiary B. credit C. debit D. sales subsidiary Question Number 8 It is normal balance of liabilities and owner's equity. A. bookkeeping B. account C. debit D. ledger E. credit Question Number 9 The ledger contains two parts A. True B. False Question Number 10 Salaries of workers can be computed on daily, weekly, twice a month monthly basis. A. False B. True