Commerce 3rd Term Exam Form 3 2020
Commerce 3rd Term Exam Form 3 2020
I. Multiple choice questions choose the correct answer and write it in the brackets given (1X10=10)
(1) Mrs Marten wishes to advertise her new boutique shop to show that it offers a better range than
other boutique shops in the area. What type of advertising should she use? ( )
(6) Which method of advertising should a person setting up a small building business use? ( )
A local newspaper B large posters in a town centre
C national radio D television
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A a method of appeal. B an advertising medium
. C collective advertising. D market research
(9) Which method of appeal is used in a television advertisement showing famous people using
branded goods? ( )
(10) Which of the following products could be advertised by using social acceptance as the method
of appeal? ( )
1. …………………………………………………………………………………………………………………………………………..
2 …………………………………………………………………………………………………………………………………………..
(b) Sandwichman
1 …………………………………………………………………………………………………………………………………………..
2 …………………………………………………………………………………………………………………………………………..
(c) Vehicles
1 …………………………………………………………………………………………………………………………………………….
2 ……………………………………………………………………………………………………………………………………………..
(d) Illuminated signs
1 ………………………………………………………………………………………………………………………………………………..
2 ………………………………………………………………………………………………………………………………………………..
2. Television is the most effective media. Give two reasons why the retail shop in your residential area
does not advertise on television. (2)
1 …………………………………………………………………………………………………………………………………………………….
2 …………………………………………………………………………………………………………………………………………………….
3 For each of the following products or services below, choose the most appropriate media for and
give one reason for your choice. (10)
(a) A new flavour of children’s cereal called ‘ strawberry crunch’
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Media………………………………………………………………………………………………………………………………………………
Reason……………………………………………………………………………………………………………………………………………
(b) Computer
Media…………………………………………………………………………………………………………………………………………….
Reason……………………………………………………………………………………………………………………………………………
(c) Latest Nike sportswear
Media………………………………………………………………………………………………………………………………………………
Reason…………………………………………………………………………………………………………………………………………….
(d) A holiday resort in the Maldives
Media………………………………………………………………………………………………………………………………………………
Reason…………………………………………………………………………………………………………………………………………….
(e) Launching play station (X BOX)
Media………………………………………………………………………………………………………………………………………………
Reason…………………………………………………………………………………………………………………………………………….
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……………………………………………………………………………………………………………………………………………………
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10 There are 3 different types of advertisements. State the type of advertisement in the space
below. (3)
1…………………………………………………………………………………………………………………………………………………
2………………………………………………………………………………………………………………………………………………..
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(ACCOUNTING)
I Multiple choice questions choose the correct answer and write it in the brackets given (1X10=10)
A record all goods bought for resale B record goods bought on credit for resale
C record goods returned by a customer D record goods sold on credit
3 Aman, a retailer, purchased goods, $ 400, from a wholesaler and paid in cash. How did this affect
Aman’s total assets and total liabilities?
4 Mark transferred his private motor vehicle to his business; how did he record this?
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How much was Alex’s capital?
6 The owner has taken goods for his personal use. What entry is required in the general journal?
A Dr drawings Cr bank
B Dr drawings Cr inventory
C Dr drawings Cr purchase
D Dr drawings Cr sales
7 A business buys a motor vehicle on credit from P Green. What double entry should be
recorded?
A Dr motor vehicle Cr P Green
B Dr motor vehicle Cr purchase
C Dr P Green Cr capital
D Dr purchase Cr motor vehicle
8 Goods bought on credit were returned to B Bob. What double entry should be made to record
This?
A Dr B Bob Cr purchase
B Dr B Bob Cr purchase returns
C Dr purchase Cr B Bob
D Dr Purchase returns Cr B Bob
9 Veric buys goods on credit costing $800 less trade discount 25%. What amount he needs to pay
to the supplier?
10 goods were sold on credit $ 240, less 33% trade discount. the customer returned some faulty
goods costing $ 84. What should the final total on the credit note be?
A $ 52 B $ 56 C $ 84 D $ 156
II Indicate whether each of the following is an asset or liability of Anna who owns a general store.
The first one has been completed as an example. (6)
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III Identify books of prime entry for the following transactions. (9)
V For the following transactions insert the name of the account to be debited and the name of
the account to be credited. (7)
March 2020
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5 Purchased goods from P.Pop $ 300, trade discount 10%
6 Purchased goods from M.mop $ 300, after 10% trade discount
7 Goods returned to M.Mop list price 100 purchased on 6th March
8 Cash purchased $150.
Prepare:
a) Purchase Journal
b) Purchase return journal
c) Purchase ledger (suppliers account)
d) General ledger (purchase account and purchase return account)
Purchase Journal
Purchase Ledger:
M.Mop A/C
P.Pop A/C
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General Ledger:
Purchase A/C