Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
logo
  • BBK99E1
  • BBK99E1
To add items to your wishlist, you must be logged in
Document preview thumbnail
Preview 2 out of 14 pages
Exam (elaborations)

BBK99E1 BASIC BOOKKEEPING LEVEL 1 FINAL EXAMINATION WITH 50 MULTIPLE-CHOICE QUESTIONS, PRACTICAL BOOKKEEPING TASKS, AND COMPLETE ANSWER SOLUTIONS A+ VERIFIED LATEST VERSION

0.0
(0 reviews)
- sold
14 pages
2025/2026 Written for academic year
Institution BBK99E1
Course BBK99E1
Document preview thumbnail
Preview 2 out of 14 pages

This document contains a complete BBK99E1 Basic Bookkeeping Level 1 final examination designed for bookkeeping and accounting students. It includes 50 multiple-choice questions with answers, practical bookkeeping exercises, journal entries, ledger preparation, trial balance preparation, and detailed worked solutions. The examination covers key bookkeeping concepts such as the double-entry system, accounting equation, source documents, assets and liabilities, cash books, journals, ledgers, and trial balances. The practical section is based on XY Consumer Products transactions to help students apply bookkeeping principles in real business scenarios.

Content preview

BBK99E1 BASIC BOOKKEEPING LEVEL 1 FINAL
EXAMINATION WITH 50 MULTIPLE-CHOICE
QUESTIONS, PRACTICAL BOOKKEEPING TASKS,
AND COMPLETE ANSWER SOLUTIONS A+ VERIFIED
LATEST VERSION


SECTION A: MULTIPLE-CHOICE QUESTIONS (50 MARKS)
Choose the correct answer for each question.

1.
Bookkeeping is mainly concerned with: A. Auditing company accounts
B. Recording financial transactions
C. Marketing products
D. Managing employees
Answer: B. Recording financial transactions

2.
Which book is used to record daily cash transactions? A. General Ledger
B. Cash Book
C. Purchases Journal
D. Sales Journal
Answer: B. Cash Book

3.
Assets are: A. Amounts owed by the business
B. Resources owned by the business
C. Expenses incurred
D. Business losses
Answer: B. Resources owned by the business

4.
Liabilities refer to: A. Income earned
B. Debts owed by the business

, C. Cash sales
D. Owner’s capital
Answer: B. Debts owed by the business

5.
Capital introduced by the owner increases: A. Expenses
B. Drawings
C. Equity
D. Liabilities
Answer: C. Equity

6.
Which accounting concept states that the business is separate from the owner? A.
Prudence Concept
B. Going Concern Concept
C. Business Entity Concept
D. Matching Concept
Answer: C. Business Entity Concept

7.
A debit entry in the cash account means: A. Cash decreased
B. Cash increased
C. Liabilities increased
D. Expenses decreased
Answer: B. Cash increased

8.
A credit entry in a sales account indicates: A. Sales return
B. Increase in sales revenue
C. Purchase of goods
D. Payment of wages
Answer: B. Increase in sales revenue

9.
Which document is issued when goods are sold on credit? A. Debit Note
B. Credit Note
C. Invoice
D. Receipt

Document information

Uploaded on
May 26, 2026
Number of pages
14
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers
Report Copyright Violation
$13.49
Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF
Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
trevorwilly
3.0
(2)
Sold
11
Followers
0
Items
1851
Last sold
1 month ago

Browse related subjects

Subjects

  • bbk99e1 basic bookkeeping level 1 final

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Learn more Create citation
Working on your references?

Frequently asked questions