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WRITTEN - TOS Uc2 W Answer

The document outlines a table of specifications for a bookkeeping test, detailing the number of items and their distribution across various cognitive levels such as remembering, understanding, applying, analyzing, evaluating, and creating. It includes specific instructions for answering multiple-choice questions related to ledger management and journal entries, along with an answer key. Additionally, it provides scoring rubrics for evaluating the written examination based on content, relevance, organization, and task completion.

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Destiny DILAINC
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19 views6 pages

WRITTEN - TOS Uc2 W Answer

The document outlines a table of specifications for a bookkeeping test, detailing the number of items and their distribution across various cognitive levels such as remembering, understanding, applying, analyzing, evaluating, and creating. It includes specific instructions for answering multiple-choice questions related to ledger management and journal entries, along with an answer key. Additionally, it provides scoring rubrics for evaluating the written examination based on content, relevance, organization, and task completion.

Uploaded by

Destiny DILAINC
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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TABLE OF SPECIFICATION

OBJECTIVE/CONTENT/ # OF # OF ITEMS
REMEMBERING UNDERSTANDING APPLYING ANALYZING EVALUATING CREATING
TOPIC ITEMS % OF TEST

Prepare Ledger
1 1 1 1 1 5 50%/100%

Transfer Journal Entries


1 1 1 3 30%/100%

Summarize Ledger
1 1 2 20%/100%

Total # of Items 1/10 1/10 1/10 1/10 3/10 3/10 10/10 100%/100%
WRITTEN TEST

BOOKKEEPING NC II
JOURNALIZE TRANSACTIONS

General Instruction: Do not write anything on the QUESTIONNAIRE.

Specific Instruction: Answer the following MULTIPLE CHOICE questions in 25


minutes. Write the letter that corresponds to your
answer on the answer sheet provided..

1. What is the primary purpose of posting transactions in a ledger?


A. To create financial statements
B. To record business transactions
C. To analyze business performance
D. To prepare tax returns
Answer: B. To record business transactions

2. Question: Which of the following best describes the ledger in bookkeeping?

A. A document used for communication with suppliers


B. A summary of all business transactions
C. A tool for budgeting purposes
D. A report for tax authorities
Answer: B. A summary of all business transactions
Applying:
3. Question: If a business makes a cash sale, how would you post this transaction in the
ledger?

A. Credit Cash, Debit Sales


B. Debit Cash, Credit Sales
C. Credit Cash, Credit Sales
D. Debit Cash, Debit Sales
Answer: B. Debit Cash, Credit Sales
Evaluating:
4. Question: Why is it important to reconcile the ledger regularly?

A. To satisfy legal requirements


B. To identify errors and discrepancies
C. To impress stakeholders
D. To minimize tax liabilities
Answer: B. To identify errors and discrepancies

5. What is the impact of an accrual journal entry on the financial statements?

A. Decreases net income on the income statement


B. Increases liabilities on the balance sheet
C. Has no effect on financial statements
D. Increases expenses on the income statement
Answer: C. Has no effect on financial statements

6. Why is it essential to transfer journal entries promptly to the ledger?

A. To satisfy legal requirements


B. To impress stakeholders
C. To ensure accurate financial reporting
D. To minimize tax liabilities
Answer: C. To ensure accurate financial reporting

7. Why is a well-summarized ledger important in the financial reporting process?

A. It simplifies bookkeeping tasks


B. It helps in tax evasion
C. It contributes to decision-making by stakeholders
D. It is a legal requirement

What is the purpose of the general ledger in the context of post transactions?

A. To record detailed transactions for specific accounts


B. To generate financial statements
C. To track employee payroll
D. To manage inventory levels
Answer: A. To record detailed transactions for specific accounts
If a business receives a utility bill to be paid later, how is this transaction recorded
initially in the ledger?

A. Debit Utilities Expense, Credit Accounts Payable


B. Debit Accounts Payable, Credit Utilities Expense
C. Debit Utilities Expense, Credit Cash
D. Debit Cash, Credit Utilities Expense
Answer: A. Debit Utilities Expense, Credit Accounts Payable

What type of account is "Common Stock" in the ledger?


A. Asset
B. Liability
C. Equity
D. Revenue
Answer: C. Equity

ANSWER KEY

Multiple Choice

1. C
2. C
3. B
4. D
5. D
6. A
7. C
8. B
9. B
10. C
SCORING RUBRICS FOR THE WRITTEN EXAMINATION

RATING

PARAMETERS 3 2 1

Content The whole Most part of the Only few of the


content/answer content/answer content/answer
(50%) was written with was written with was written with
depth and depth and depth and
understanding understanding understanding

Relevance The whole Most part of Only few part of


content/answer content/answer content/answer
(30%) was related to the was related to the was related to the
discussion being discussion being discussion being
asked for asked for. asked for.

Organization The whole Most part of the Only few part of the
thought/idea is well thought/idea is well thought/idea is well
(15%) organized organized organized

Task Completion 100% of the 50% of the 30% of the


task/activity was task/activity was task/activity was
(5%) submitted completed on or completed on or
complete on or before the before the
before the allotted time allotted time
allotted time

Score Range and Equivalent Rating:

9-12 75%-100% Satisfactory


8 and below 0 and below 75% Not satisfactory

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