Republic of the Philippines

Department of Education
Region III
Division of Bulacan
FORTUNATO F. HALILI NATIONAL AGRICULTURAL SCHOOL
MAG-ASAWANG SAPA ANNEX
L. Barcial St., Mag-asawangSapa, Santa Maria, Bulacan

Post-Test in ENTREPRENEUR 10

I. Direction: Multiple Choice: Select the letter of the best answer. Write your answer on the space provided.

1. What side of an account refers to the increase side of any asset account?
a. Debit b. Credit c. Both a & b
2. What is the decrease side of any liability account?
a. Debit b. Credit c. Both a & b
3. Which of the following refers to the book of original entry?
a. Ledger b. Journal c. Worksheet
4. What is the normal side of liability account?
a. Debit b. Credit c. Both a & b
5. Which of the following is called the book of final entry?
a. Journal b. Ledger c. Worksheet
6. In which of the following part of the journal or ledger book is the current date reflected?
a. debit column b. credit column c. any side
7. Which part of the journal and the ledger book is used for referencing?
a. date column b. folio column c. item column
8. What is he normal side of an expenses account?
a. Debit b. Credit c. Both a & b
9. When an asset account decrease, in what side of the account will it be recorded?
a. Debit b. Credit c. Both a & b
10. What do you call the process of writing or recording business transactions?
a. Posting b. journalizing c. analysis
11. Which of the following refers to the transferring of information from the journal to the ledger?
a. Posting b. journalizing c. preparing financial statements
12. What is referred to as the skeletal form of an account?
a. Ledger b. journal c. “T” Account
13. Which of the following is defined as a device used to record changes in the equation brought by transaction?
a. “T” Account b. account c. ledger
14. What do you call to the list of accounts with their corresponding number to be used in recording business
transaction?
a. Chart of Accounts b. ledger c. table of accounts
15. What do you call the left side of any account?
a. Debit b. Credit c. Both a & b
16. It is the simplest form of journal and records all kinds of business activities.
a. General Journal b. Journal c. Simplest Journal
17. This designed for a specific purpose such sales journal, journal voucher, purchase journal and the like.
a. General Journal b. Journal c. Simplest Journal
18-23. Complete the “T” Account illustration.

ASSET Account LIABILITY Account PROPRIETORSHIP Account

24. Cash on Hand

a. Assets b. Liability c. Proprietorship
25. Account Payable
a. Assets b. Liability c. Proprietorship
26. Equipment
a. Fixed Assets b. Long-Term Liability c. Proprietorship
27. Bond Payable
a. Fixed Assets b. Long-Term Liability c. Proprietorship
28. Owner’s Capital
a. Assets b. Liability c. Proprietorship
29. Prepaid Rent
a. Assets b. Liability c. Proprietorship
 30. Mortgage Payable
a. Fixed Assets b. Long-Term Liability c. Proprietorship

II. Direction: Create a bar graph using the data below. Write your bar graph at the back of your test paper. (10
pts)

Food Item Number of Sold Goods

Polvoron 16

Puto 45

Siomai Rice 86

French Fries 45

Burger 10

Turon 36

Hotdog 90

Tofu 51

Fish ball 33

Kikiam 29

III. Direction: Analyze the Strength, Weakness, Opportunities, and Threats of a business base on the Business
Trial Run Design given below. Write you answer at back of your test paper. (10 pts)

Business Trial Run Design

Product Type of Business

Business Name “Malasang Lenchon Manok”

Business Owner Mr. Peter Parker
Business Location Caypombo, Sta Maria, Bulacan
Target Goals  To earn income of P 18,000 in a week
 To double the income for the succeeding weeks after the trial run
 To have an upward sale from week 1 onward
 To save at least 10% of the daily income for resolving fund after
the trial week
Timetable TWO WEEKS ONLY
Price Flexibility  Php. 220.00/whole chicken
Advertisement & Promotion  For every purchase of 2pc whole chicken, get half chicken for
free (12:00 to 1:00)
 50% discount for first 10 customer upon opening day
 24 hrs open
Target Market  Community Neighbors
 Call center agents and other graveyard shifters
SWOT ANALYSIS:

THE EXPERT IN ANYTHING WAS ONCE A BEGINNER.

-GOOD LUCK !!-

Prepared by: Checked by:

JEROME V. MANABAT ROLANDO A. ZALSOS