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  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





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