Discussion questions.
1. What is the current legal framework governing public procurement and supplies management in Tanzania, and what are its main objectives?
2. Explain the key principles that must guide all public procurement, supply, and disposal activities under the Public Procurement Act, 2023.
3. What are the primary functions and objectives of the Public Procurement Regulatory Authority (PPRA)?
3. Describe the roles and responsibilities of the Procurement Management Unit (PMU), Accounting Officer, and Tender Board in a procuring entity.
4. Outline the main procurement methods available under the Public Procurement Act, 2023, and provide examples of when each method might be appropriately used.
5. How does the Public Procurement Act, 2023 promote local content, preference schemes, and participation of local firms and special groups in public procurement?
6. Walk us through the key steps in the open competitive tendering process for goods, works, or services, from planning to contract award.
8. What is sustainable public procurement, and how is it integrated into Tanzania’s public procurement framework?
9. Discuss the role of the National e-Procurement System of Tanzania (NeST) in modernizing public procurement and supplies management, including its key benefits and any challenges.
1. What is the accounting equation?
A. Assets = Liabilities + Capital ✅
B. Assets = Expenses + Revenue
C. Capital = Assets + Liabilities
D. Profit = Income - Assets
2. Which is a current asset?
A. Land
B. Inventory ✅
C. Building
D. Machinery
3. Depreciation is applicable to?
A. Land
B. Cash
C. Fixed assets ✅
D. Inventory
4. What does ROI stand for?
A. Rate of Investment
B. Return on Investment ✅
C. Risk of Income
D. Return of Interest
5. If revenue > expenses, it results in?
A. Loss
B. Profit ✅
C. Liability
D. Asset
6. Which financial statement shows company position?
A. Income Statement
B. Cash Flow
C. Balance Sheet ✅
D. Trial Balance
7. Break-even point means?
A. Profit = 0 ✅
B. Loss = 0
C. Sales = 0
D. Assets = 0
8. VAT stands for?
A. Value Added Tax ✅
B. Variable Added Tax
C. Value Annual Tax
D. Verified Added Tax
9. What is goodwill?
A. Liability
B. Intangible asset ✅
C. Expense
D. Income
10. Which ratio measures liquidity?
A. Debt Ratio
B. Current Ratio ✅
C. Profit Margin
D. ROI
Math & Logic
11. 15% of 200 = ?
A. 20
B. 25
C. 30 ✅
D. 35
12. If 5x = 25, x = ?
A. 4
B. 5 ✅
C. 6
D. 7
13. Next number: 2, 4, 8, 16, ?
A. 20
B. 24
C. 32 ✅
D. 30
14. If a product costs 50 and sells at 70, profit = ?
A. 10
B. 15
C. 20 ✅
D. 25
15. Simple Interest formula?
A. P×R×T/100 ✅
B. P+R+T
C. P×T
D. R×T
16. 100 ÷ 4 = ?
A. 20
B. 25 ✅
C. 30
D. 40
17. A train moving at 60 km/h covers 120 km in?
A. 1 hr
B. 2 hrs ✅
C. 3 hrs
D. 4 hrs
18. Odd one out: 3, 5, 7, 9, 11
A. 3
B. 5
C. 7
D. 9 ✅ (even multiple pattern break)
19. If 2+3=10, 4+5=? (pattern logic)
A. 18
B. 20
C. 22
D. 36 ✅
20. Square of 12 = ?
A. 124
B. 144 ✅
C. 132
D. 154
Computer Basics
21. CPU stands for?
A. Central Processing Unit ✅
B. Computer Personal Unit
C. Central Power Unit
D. Control Processing Unit
22. Which is an input device?
A. Monitor
B. Printer
C. Keyboard ✅
D. Speaker
23. Which software is used for accounting?
A. Excel
B. Tally ✅
C. Paint
D. Chrome
24. RAM is?
A. Permanent
B. Temporary memory ✅
C. Storage device
D. Software
25. MS Excel is used for?
A. Drawing
B. Spreadsheets ✅
C. Music
D. Browsing
26. File extension of Excel?
A. .doc
B. .xls/.xlsx ✅
C. .ppt
D. .pdf
27. Internet is?
A. Software
B. Network of networks ✅
C. Device
D. App
28. Shortcut for copy?
A. Ctrl + X
B. Ctrl + V
C. Ctrl + C ✅
D. Ctrl + Z
29. Antivirus is used for?
A. Gaming
B. Protection from viruses ✅
C. Editing
D. Typing
30. Email is used for?
A. Calling
B. Messaging online ✅
C. Printing
D. Scanning
General Knowledge & Environment
31. Capital of Tanzania?
A. Nairobi
B. Dodoma ✅
C. Kampala
D. Kigali
32. Currency of Tanzania?
A. Dollar
B. Shilling ✅
C. Euro
D. Rand
33. Largest ocean?
A. Atlantic
B. Indian
C. Pacific ✅
D. Arctic
34. Global warming is caused by?
A. Oxygen
B. Carbon dioxide ✅
C. Nitrogen
D. Hydrogen
35. Renewable energy example?
A. Coal
B. Oil
C. Solar ✅
D. Gas
36. Tree planting helps?
A. Pollution increase
B. Climate balance ✅
C. Water shortage
D. Heat increase
37. Ozone layer protects from?
A. Rain
B. UV rays ✅
C. Wind
D. Dust
38. Recycling helps?
A. Waste increase
B. Save resources ✅
C. Pollution rise
D. Deforestation
39. Main source of water?
A. Sun
B. Rain ✅
C. Wind
D. Soil
40. Plastic is?
A. Biodegradable
B. Non-biodegradable ✅
C. Natural
D. Organic
Scenario-Based & Mixed
41. A company has more liabilities than assets. This means?
A. Profit
B. Insolvency risk ✅
C. Growth
D. Stability
42. Cash sales of 1,000 recorded wrongly as 100. Effect?
A. Profit overstated
B. Profit understated ✅
C. No effect
D. Assets increase
43. If expenses increase but revenue stays same?
A. Profit increases
B. Profit decreases ✅
C. No change
D. Assets increase
44. You detect fraud in accounts. What do you do?
A. Ignore
B. Report to management ✅
C. Delete data
D. Hide it
45. Late payment from customer affects?
A. Profit
B. Cash flow ✅
C. Assets
D. Equity
46. Budgeting helps in?
A. Overspending
B. Planning expenses ✅
C. Ignoring costs
D. Increasing waste
47. If inventory is high, it may indicate?
A. High sales
B. Slow sales ✅
C. Low stock
D. Profit
48. Double-entry means?
A. One account
B. Two accounts affected ✅
C. Three accounts
D. No account
49. Ethical accounting means?
A. Hiding losses
B. Transparency ✅
C. Manipulation
D. Fraud
50. A good accountant should be?
A. Careless
B. Accurate and honest ✅
C. Lazy
D. Slow
51. What is capital in accounting?
A. Owner’s investment ✅
B. Company expense
C. Liability
D. Revenue
52. Which is a liability?
A. Cash
B. Debtors
C. Loan ✅
D. Inventory
53. Trial balance is used to?
A. Detect errors ✅
B. Calculate profit
C. Record entries
D. Pay tax
54. Net profit = ?
A. Revenue – Expenses ✅
B. Assets – Liabilities
C. Capital + Profit
D. Sales – Purchases
55. Which is an indirect expense?
A. Wages
B. Rent ✅
C. Raw materials
D. Freight
56. Journal entry is?
A. Final account
B. First record ✅
C. Ledger
D. Report
57. Ledger contains?
A. Summarized entries ✅
B. Raw data
C. Emails
D. Cash only
58. What is auditing?
A. Recording
B. Checking accounts ✅
C. Selling
D. Buying
59. Dividend is?
A. Expense
B. Shareholder profit ✅
C. Liability
D. Asset
60. Working capital = ?
A. Assets – Liabilities
B. Current Assets – Current Liabilities ✅
C. Profit – Loss
D. Capital – Expense
Math & Logic
61. 25% of 400 = ?
A. 50
B. 75
C. 100 ✅
D. 125
62. 9 × 8 = ?
A. 64
B. 72 ✅
C. 81
D. 69
63. Find average of 2, 4, 6, 8
A. 4
B. 5 ✅
C. 6
D. 7
64. Next: 1, 3, 6, 10, ?
A. 12
B. 14
C. 15 ✅
D. 18
65. If cost = 80, selling price = 100, profit % = ?
A. 20%
B. 25% ✅
C. 30%
D. 15%
66. 144 ÷ 12 = ?
A. 10
B. 11
C. 12 ✅
D. 14
67. If x = 7, x² = ?
A. 42
B. 47
C. 49 ✅
D. 56
68. Next: 5, 10, 20, 40, ?
A. 60
B. 70
C. 80 ✅
D. 90
69. Perimeter of square (side=5)?
A. 10
B. 15
C. 20 ✅
D. 25
70. 0.5 × 200 = ?
A. 50
B. 75
C. 100 ✅
D. 150
Computer Basics
71. Which is an output device?
A. Mouse
B. Keyboard
C. Printer ✅
D. Scanner
72. OS stands for?
A. Operating System ✅
B. Open Software
C. Online System
D. Output System
73. Example of OS?
A. Word
B. Excel
C. Windows ✅
D. Chrome
74. Hard disk is?
A. Input
B. Storage device ✅
C. Output
D. Software
75. PowerPoint is used for?
A. Typing
B. Presentation ✅
C. Coding
D. Browsing
76. Ctrl + Z is used for?
A. Copy
B. Paste
C. Undo ✅
D. Save
77. Internet browser example?
A. Excel
B. Chrome ✅
C. Paint
D. Word
78. Data means?
A. Processed info
B. Raw facts ✅
C. Device
D. Network
79. Wi-Fi is?
A. Cable
B. Wireless network ✅
C. Software
D. Hardware
80. USB is used for?
A. Charging only
B. Data transfer ✅
C. Printing
D. Typing
General Knowledge & Environment
81. Mount Kilimanjaro is in?
A. Kenya
B. Uganda
C. Tanzania ✅
D. Rwanda
82. Longest river in the world?
A. Amazon
B. Nile ✅
C. Congo
D. Niger
83. Main greenhouse gas?
A. Oxygen
B. Carbon dioxide ✅
C. Helium
D. Neon
84. Forests help in?
A. Pollution
B. Oxygen supply ✅
C. Heat
D. Waste
85. Earth Day is celebrated on?
A. April 22 ✅
B. May 1
C. June 5
D. March 1
86. Water pollution affects?
A. Fish life ✅
B. Air
C. Soil only
D. Sunlight
87. Deforestation causes?
A. Rain increase
B. Climate change ✅
C. Cold weather
D. Clean air
88. Solar energy comes from?
A. Wind
B. Water
C. Sun ✅
D. Soil
89. Which is non-renewable?
A. Wind
B. Solar
C. Coal ✅
D. Water
90. Recycling symbol has?
A. 2 arrows
B. 3 arrows ✅
C. 4 arrows
D. 5 arrows
Scenario-Based & Mixed
91. A company’s expenses are rising faster than revenue.
Result?
A. Profit increase
B. Loss risk ✅
C. Stability
D. Growth
92. You made a calculation error in a report. What should
you do?
A. Ignore
B. Correct and inform ✅
C. Delete file
D. Blame others
93. Customer pays early. You may give?
A. Penalty
B. Discount ✅
C. Tax
D. Interest
94. If cash decreases, which is affected most?
A. Equity
B. Liquidity ✅
C. Profit
D. Revenue
95. Company takes a loan. What increases?
A. Assets only
B. Liabilities ✅
C. Expenses
D. Profit
96. Good record keeping ensures?
A. Confusion
B. Accuracy ✅
C. Loss
D. Delay
97. Fraud detection requires?
A. Ignoring
B. Attention to detail ✅
C. Guessing
D. Speed
98. If sales increase, profit will?
A. Always increase
B. May increase ✅
C. Decrease
D. Stay same
99. Budget deficit means?
A. Surplus
B. Expenses > income ✅
C. Income > expenses
D. No budget
100. Teamwork in finance helps?
A. Errors increase
B. Efficiency improve ✅
C. Delay
D. Conflict
1. What is the primary objective of bookkeeping?
A. Decision making
B. Recording financial transactions ✅
C. Auditing
D. Budgeting
2. Which account is credited when goods are sold on cash?
A. Cash
B. Sales ✅
C. Inventory
D. Expense
3. What is the normal balance of revenue?
A. Debit
B. Credit ✅
C. Both
D. Zero
4. Which document supports a business transaction?
A. Ledger
B. Source document ✅
C. Trial balance
D. Balance sheet
5. What is the effect of drawings on capital?
A. Increase
B. Decrease ✅
C. No effect
D. Double
6. Which accounting concept separates owner and business?
A. Matching
B. Business entity ✅
C. Accrual
D. Consistency
7. What type of account is insurance expense?
A. Asset
B. Liability
C. Expense ✅
D. Equity
8. What happens when a liability is paid?
A. Liability increases
B. Cash increases
C. Liability decreases and cash decreases ✅
D. Equity increases
9. Which is a real account?
A. Rent
B. Cash ✅
C. Sales
D. Wages
10. What is the effect of credit sales?
A. Cash increases
B. Accounts receivable and revenue increase ✅
C. Expenses increase
D. Liability increases
11. Which statement shows changes in equity?
A. Income statement
B. Statement of changes in equity ✅
C. Trial balance
D. Ledger
12. What is outstanding expense?
A. Paid early
B. Paid late
C. Incurred but not yet paid ✅
D. Not recorded
13. Which account is debited when equipment is purchased for
cash?
A. Cash
B. Equipment ✅
C. Revenue
D. Liability
14. What is the purpose of a balance sheet?
A. Show profit
B. Show financial position ✅
C. Record transactions
D. Calculate tax
15. Which account type is unearned revenue?
A. Asset
B. Expense
C. Liability ✅
D. Equity
16. What is the accounting treatment of accrued income?
A. Ignore
B. Record as liability
C. Record as asset and income ✅
D. Expense
17. Which account is credited when capital is introduced?
A. Cash
B. Capital ✅
C. Expense
D. Liability
18. What is a nominal account?
A. Asset
B. Liability
C. Income or expense account ✅
D. Equity
19. What is the effect of prepaid rent?
A. Expense increases
B. Asset increases ✅
C. Liability increases
D. Revenue increases
20. Which account is affected when interest is received?
A. Expense
B. Revenue (income) ✅
C. Liability
D. Equity
21. What is a bank reconciliation statement used for?
A. Calculate profit
B. Compare bank and cash records ✅
C. Record expenses
D. Audit accounts
22. Which is an example of indirect expense?
A. Raw materials
B. Wages
C. Office rent ✅
D. Production cost
23. What happens when inventory is written off?
A. Asset increases
B. Expense increases and asset decreases ✅
C. Liability increases
D. Revenue increases
24. What is the purpose of cost accounting?
A. External reporting
B. Cost control and analysis ✅
C. Tax calculation
D. Auditing
25. Which account is debited when expenses are paid?
A. Cash
B. Expense ✅
C. Revenue
D. Liability
26. What is a suspense account?
A. Permanent account
B. Temporary account for errors ✅
C. Asset
D. Liability
27. What type of error does not affect trial balance?
A. Single entry error
B. Omission error
C. Error of principle ✅
D. Addition error
28. What is a provision?
A. Asset
B. Known liability
C. Estimated liability ✅
D. Expense only
29. Which account is credited when a loan is received?
A. Cash
B. Loan payable ✅
C. Revenue
D. Expense
30. What is a capital receipt?
A. Daily income
B. Long-term fund inflow ✅
C. Expense
D. Loss
31. Which is a personal account?
A. Cash
B. John’s Account ✅
C. Rent
D. Sales
32. What is the effect of bad debts recovered?
A. Expense
B. Income ✅
C. Liability
D. Asset decrease
33. What is meant by solvency?
A. Short-term liquidity
B. Long-term financial stability ✅
C. Profitability
D. Revenue growth
34. Which account is debited when goods are returned by
customer?
A. Sales
B. Sales return ✅
C. Cash
D. Expense
35. What is trade discount?
A. Cash discount
B. Reduction in list price before sale ✅
C. Tax
D. Expense
36. Which account is affected when electricity bill is
unpaid?
A. Asset
B. Liability increases ✅
C. Revenue increases
D. Equity increases
37. What is capital loss?
A. Profit
B. Loss on fixed asset sale ✅
C. Expense
D. Revenue
38. Which account is credited when income is earned but not
received?
A. Cash
B. Income ✅
C. Expense
D. Liability
39. What is a cash discount?
A. Trade reduction
B. Incentive for early payment ✅
C. Tax reduction
D. Expense
40. Which account is debited when a liability is settled?
A. Cash
B. Liability account ✅
C. Revenue
D. Expense
41. What is deferred revenue?
A. Income received in advance ✅
B. Expense
C. Asset
D. Capital
42. Which statement is prepared first?
A. Balance sheet
B. Income statement ✅
C. Cash flow
D. Ledger
43. What is an adjusting entry?
A. Error correction only
B. Entry at period end to update accounts ✅
C. Daily entry
D. Tax entry
44. Which account increases with debit?
A. Liability
B. Equity
C. Asset ✅
D. Revenue
45. What is a financial year?
A. Calendar year only
B. Any 12-month accounting period ✅
C. 6 months
D. 2 years
46. What is impairment?
A. Asset increase
B. Permanent reduction in asset value ✅
C. Revenue increase
D. Expense decrease
47. Which account is credited when services are provided on
credit?
A. Cash
B. Revenue ✅
C. Expense
D. Liability
48. What is owner’s equity?
A. Liability
B. Owner’s claim on assets ✅
C. Expense
D. Revenue
49. What is cost principle?
A. Record assets at market value
B. Record at original purchase cost ✅
C. Estimate value
D. Ignore cost
50. What is financial risk?
A. Profit increase
B. Possibility of financial loss ✅
C. Revenue growth
D. Expense reduction
1. What is the main purpose of financial accounting?
A. Internal planning
B. External reporting ✅
C. Cost control
D. Budgeting
2. Which account is debited when cash is deposited into the
bank?
A. Cash
B. Bank ✅
C. Revenue
D. Expense
3. What type of account is drawings?
A. Asset
B. Liability
C. Equity reduction ✅
D. Revenue
4. Which principle requires caution in reporting?
A. Matching
B. Prudence (Conservatism) ✅
C. Consistency
D. Accrual
5. What is the effect of an increase in expenses?
A. Increase profit
B. Decrease profit ✅
C. Increase assets
D. Decrease liabilities
6. Which account is credited when goods are purchased on
credit?
A. Cash
B. Purchases
C. Accounts Payable ✅
D. Expense
7. What is a controlling account?
A. Summary account in ledger ✅
B. Expense account
C. Asset account
D. Revenue account
8. Which account is debited when wages are paid?
A. Cash
B. Wages expense ✅
C. Revenue
D. Liability
9. What is the effect of underestimating expenses?
A. Profit understated
B. Profit overstated ✅
C. Assets decrease
D. Liabilities increase
10. What is an example of revenue expenditure?
A. Purchase of building
B. Repairs and maintenance ✅
C. Machinery purchase
D. Land purchase
11. Which account is credited when a debtor pays cash?
A. Cash
B. Accounts Receivable ✅
C. Revenue
D. Expense
12. What is a chart of accounts?
A. Financial statement
B. List of all accounts ✅
C. Journal
D. Ledger
13. What is a debit note used for?
A. Increase sales
B. Record purchase return ✅
C. Record income
D. Reduce expenses
14. Which account is debited when owner withdraws cash?
A. Cash
B. Drawings ✅
C. Capital
D. Revenue
15. What is a credit note used for?
A. Sales return ✅
B. Purchase
C. Expense
D. Asset
16. What is the effect of capital expenditure?
A. Short-term benefit
B. Long-term benefit ✅
C. Immediate expense
D. No effect
17. Which account is credited when interest is paid?
A. Expense
B. Cash ✅
C. Liability
D. Revenue
18. What is a trial balance prepared from?
A. Journal
B. Ledger balances ✅
C. Cash book
D. Bank statement
19. What is the effect of receiving advance income?
A. Asset increases
B. Liability increases ✅
C. Expense increases
D. Equity decreases
20. Which account is debited when goods are purchased for
cash?
A. Cash
B. Purchases ✅
C. Revenue
D. Liability
21. What is vertical analysis?
A. Compare over years
B. Percentage of total items in statement ✅
C. Audit method
D. Cost analysis
22. What is horizontal analysis?
A. Compare financial data over time ✅
B. Percentage analysis
C. Audit method
D. Tax calculation
23. Which account is credited when discount is received?
A. Expense
B. Discount received (income) ✅
C. Cash
D. Liability
24. What is the effect of overestimating assets?
A. Profit understated
B. Profit overstated ✅
C. Liabilities increase
D. Expenses increase
25. What is a manufacturing account used for?
A. Record sales
B. Calculate cost of production ✅
C. Record expenses
D. Tax reporting
26. Which account is debited when insurance is prepaid?
A. Insurance expense
B. Prepaid insurance (asset) ✅
C. Cash
D. Liability
27. What is the effect of an increase in liabilities?
A. Decrease assets
B. Increase obligations ✅
C. Increase revenue
D. Decrease equity
28. Which account is credited when goods are returned to
supplier?
A. Purchases
B. Purchase returns ✅
C. Cash
D. Expense
29. What is a long-term investment?
A. Held for less than 1 year
B. Held for more than 1 year ✅
C. Cash
D. Inventory
30. Which account is debited when rent is outstanding?
A. Rent expense ✅
B. Cash
C. Liability
D. Revenue
31. What is the purpose of ratio analysis?
A. Record transactions
B. Evaluate financial performance ✅
C. Audit accounts
D. Tax filing
32. Which account is credited when accrued income is
recorded?
A. Income ✅
B. Cash
C. Expense
D. Liability
33. What is a fixed cost?
A. Changes with output
B. Remains constant regardless of output ✅
C. Variable
D. Temporary
34. Which account is debited when a loan is repaid?
A. Cash
B. Loan payable ✅
C. Revenue
D. Expense
35. What is the effect of depreciation on profit?
A. Increase
B. Decrease ✅
C. No effect
D. Double
36. Which account is credited when cash sales occur?
A. Cash
B. Sales ✅
C. Inventory
D. Expense
37. What is an example of variable cost?
A. Rent
B. Salaries
C. Raw materials ✅
D. Insurance
38. Which account is debited when bad debts are written off?
A. Cash
B. Bad debt expense ✅
C. Revenue
D. Liability
39. What is the purpose of auditing?
A. Record transactions
B. Verify accuracy of financial statements ✅
C. Budgeting
D. Tax calculation
40. Which account is credited when dividends are paid?
A. Cash
B. Dividends (equity reduction) ✅
C. Revenue
D. Expense
41. What is the effect of increasing revenue?
A. Decrease profit
B. Increase profit ✅
C. Decrease assets
D. Increase liabilities
42. Which account is debited when cash is withdrawn from
bank?
A. Bank
B. Cash ✅
C. Revenue
D. Expense
43. What is a liquid asset?
A. Hard to convert
B. Easily convertible to cash ✅
C. Fixed asset
D. Intangible
44. Which account is credited when expense is paid in cash?
A. Expense
B. Cash ✅
C. Liability
D. Revenue
45. What is financial statement analysis?
A. Recording data
B. Interpreting financial information ✅
C. Auditing
D. Taxation
46. Which account is debited when commission is received?
A. Cash ✅
B. Revenue
C. Expense
D. Liability
47. What is the effect of a decrease in assets?
A. Increase wealth
B. Reduce resources ✅
C. Increase liabilities
D. Increase equity
48. Which account is credited when prepaid expense expires?
A. Asset
B. Expense account ✅
C. Cash
D. Liability
49. What is a financial obligation?
A. Asset
B. Liability ✅
C. Revenue
D. Expense
50. What is the purpose of management accounting?
A. External reporting
B. Internal decision making ✅
C. Auditing
D. Tax filing
201. What is equity?
A. Owner’s share in business ✅
B. Expense
C. Liability
D. Revenue
202. Unearned revenue is?
A. Income earned
B. Income received in advance ✅
C. Expense
D. Asset
203. Which account is rent received?
A. Expense
B. Income ✅
C. Asset
D. Liability
204. Interest paid is?
A. Income
B. Expense ✅
C. Asset
D. Capital
205. Bills payable are?
A. Asset
B. Liability ✅
C. Income
D. Expense
206. Bills receivable are?
A. Liability
B. Asset ✅
C. Expense
D. Capital
207. Which is a nominal account?
A. Cash
B. Capital
C. Salary expense ✅
D. Building
208. Outstanding expense is?
A. Paid expense
B. Unpaid expense ✅
C. Income
D. Asset
209. Income statement shows?
A. Assets
B. Profit or loss ✅
C. Liabilities
D. Capital only
210. Capital + profit = ?
A. Expense
B. Owner’s equity ✅
C. Liability
D. Asset
Math & Logic
211. 40% of 250 = ?
A. 80
B. 90
C. 100 ✅
D. 120
212. 13 × 7 = ?
A. 81
B. 91 ✅
C. 101
D. 111
213. Next: 2, 6, 12, 20, ?
A. 28
B. 30 ✅
C. 32
D. 34
214. 900 ÷ 30 = ?
A. 20
B. 25
C. 30 ✅
D. 35
215. If CP = 150, SP = 120, loss = ?
A. 20
B. 25
C. 30 ✅
D. 35
216. Square of 15 = ?
A. 200
B. 215
C. 225 ✅
D. 250
217. Next: 10, 20, 40, 80, ?
A. 120
B. 140
C. 160 ✅
D. 180
218. 2/5 of 100 = ?
A. 20
B. 30
C. 40 ✅
D. 50
219. 1000 – 375 = ?
A. 600
B. 625 ✅
C. 650
D. 675
220. Cube root of 27 = ?
A. 2
B. 3 ✅
C. 4
D. 5
Computer Basics
221. Which is hardware?
A. MS Word
B. Monitor ✅
C. Windows
D. Excel
222. Shortcut for paste?
A. Ctrl + C
B. Ctrl + V ✅
C. Ctrl + X
D. Ctrl + A
223. URL stands for?
A. Uniform Resource Locator ✅
B. Universal Record Link
C. Unique Resource Line
D. User Record Locator
224. Which is an example of email service?
A. Gmail ✅
B. Excel
C. Word
D. Paint
225. Software bug means?
A. Hardware damage
B. Error in program ✅
C. Virus
D. File
226. Which key deletes text?
A. Enter
B. Delete ✅
C. Shift
D. Tab
227. Spreadsheet cell is?
A. Row
B. Column
C. Intersection of row & column ✅
D. Table
228. Internet requires?
A. Electricity only
B. Connection/network ✅
C. Printer
D. Scanner
229. Mobile hotspot provides?
A. Storage
B. Internet sharing ✅
C. Printing
D. Editing
230. Password should be?
A. Simple
B. Strong & secure ✅
C. Short only
D. Public
General Knowledge & Environment
231. Which continent is Tanzania in?
A. Asia
B. Europe
C. Africa ✅
D. Australia
232. Which is a fossil fuel?
A. Wind
B. Solar
C. Oil ✅
D. Water
233. Air contains most?
A. Oxygen
B. Nitrogen ✅
C. Carbon dioxide
D. Hydrogen
234. Climate refers to?
A. Daily weather
B. Long-term weather pattern ✅
C. Temperature only
D. Rain only
235. Which is a waterborne disease?
A. Malaria
B. Cholera ✅
C. Flu
D. Cold
236. Planting trees reduces?
A. Oxygen
B. Carbon dioxide ✅
C. Water
D. Soil
237. Which is an endangered species issue?
A. Overpopulation
B. Extinction risk ✅
C. Pollution only
D. Climate only
238. Wind energy uses?
A. Turbines ✅
B. Panels
C. Pipes
D. Batteries
239. Which layer has weather?
A. Stratosphere
B. Troposphere ✅
C. Mesosphere
D. Thermosphere
240. Environmental protection helps?
A. Pollution
B. Sustainability ✅
C. Waste
D. Heat
Scenario-Based & Mixed
241. A business gives too many discounts. Result?
A. Profit increase
B. Profit decrease ✅
C. No change
D. Assets increase
242. If data is lost, first step?
A. Panic
B. Restore backup ✅
C. Ignore
D. Restart
243. Employee shares confidential data. This is?
A. Ethical
B. Breach of trust ✅
C. Normal
D. Required
244. If sales drop, management should?
A. Ignore
B. Investigate reasons ✅
C. Stop work
D. Increase errors
245. Budget overrun means?
A. Spending within budget
B. Spending exceeds plan ✅
C. Saving money
D. Profit
246. Internal audit improves?
A. Errors
B. Control systems ✅
C. Loss
D. Delay
247. If supplier delays delivery?
A. No effect
B. Operations affected ✅
C. Profit increases
D. Assets grow
248. Financial transparency builds?
A. Confusion
B. Trust ✅
C. Loss
D. Delay
249. If company expands quickly without planning?
A. Always success
B. Risk increases ✅
C. No change
D. Profit guaranteed
250. Good leadership in finance ensures?
A. Poor decisions
B. Better decisions ✅
C. Errors
D. Loss
1. Which concept requires revenue and expenses to be matched
in the same period?
A. Prudence
B. Matching ✅
C. Consistency
D. Entity
2. Which account is debited when cash is received from
sales?
A. Sales
B. Cash ✅
C. Inventory
D. Expense
3. What is the normal balance of equity?
A. Debit
B. Credit ✅
C. Both
D. Zero
4. Which account is credited when goods are sold for cash?
A. Cash
B. Sales ✅
C. Expense
D. Liability
5. What is the purpose of a cash book?
A. Record only expenses
B. Record cash and bank transactions ✅
C. Record assets
D. Record liabilities
6. Which account is debited when a liability is settled in
cash?
A. Cash
B. Liability account ✅
C. Expense
D. Revenue
7. What is a deferred expense?
A. Already paid and expensed
B. Paid but benefit received later ✅
C. Not recorded
D. Liability
8. Which account is credited when a fixed asset is purchased
on credit?
A. Asset
B. Accounts payable ✅
C. Expense
D. Revenue
9. What is the effect of recording unearned revenue?
A. Increase income
B. Increase liability ✅
C. Increase expense
D. Decrease assets
10. Which account is debited when inventory is purchased?
A. Cash
B. Inventory/Purchases ✅
C. Revenue
D. Liability
11. What is an example of an intangible asset?
A. Equipment
B. Patent ✅
C. Cash
D. Inventory
12. Which account is credited when rent income is received?
A. Cash
B. Rent income ✅
C. Expense
D. Liability
13. What is the effect of a decrease in revenue?
A. Increase profit
B. Decrease profit ✅
C. Increase assets
D. Decrease liabilities
14. Which account is debited when interest income is earned
but not received?
A. Cash
B. Interest receivable ✅
C. Revenue
D. Expense
15. What is the purpose of a ledger?
A. Record transactions
B. Classify and summarize accounts ✅
C. Prepare statements
D. Audit records
16. Which account is credited when prepaid expense is
recorded initially?
A. Expense
B. Cash ✅
C. Liability
D. Revenue
17. What is the effect of overestimating liabilities?
A. Profit overstated
B. Profit understated ✅
C. Assets increase
D. Revenue increases
18. Which account is debited when utilities are unpaid?
A. Cash
B. Utilities expense ✅
C. Liability
D. Revenue
19. What is a business liability?
A. Asset
B. Obligation to outsiders ✅
C. Income
D. Expense
20. Which account is credited when services are provided for
cash?
A. Cash
B. Revenue ✅
C. Expense
D. Liability
21. What is the effect of increasing assets?
A. Reduce wealth
B. Increase resources ✅
C. Increase expenses
D. Reduce equity
22. Which account is debited when office rent is paid?
A. Cash
B. Rent expense ✅
C. Revenue
D. Liability
23. What is a current asset?
A. Used long term
B. Convertible to cash within a year ✅
C. Intangible
D. Liability
24. Which account is credited when accrued expense is
recorded?
A. Expense
B. Liability (accrued expense) ✅
C. Cash
D. Revenue
25. What is the purpose of depreciation?
A. Increase asset value
B. Allocate cost over useful life ✅
C. Record revenue
D. Reduce liabilities
26. Which account is debited when equipment is sold for
cash?
A. Cash ✅
B. Equipment
C. Expense
D. Revenue
27. What is a capital expense?
A. Daily cost
B. Long-term investment in asset ✅
C. Expense
D. Liability
28. Which account is credited when inventory is purchased on
credit?
A. Inventory
B. Accounts payable ✅
C. Expense
D. Revenue
29. What is the effect of an increase in expenses?
A. Increase profit
B. Decrease profit ✅
C. Increase assets
D. Decrease liabilities
30. Which account is debited when bad debts are recovered?
A. Expense
B. Cash ✅
C. Revenue
D. Liability
31. What is an accounting system?
A. Financial report
B. Method for recording and processing transactions ✅
C. Audit process
D. Budget
32. Which account is credited when loan interest is paid?
A. Cash ✅
B. Expense
C. Liability
D. Revenue
33. What is a financial transaction?
A. Non-business activity
B. Event affecting financial position ✅
C. Estimate
D. Plan
34. Which account is debited when income is received in
advance?
A. Cash ✅
B. Revenue
C. Expense
D. Liability
35. What is the effect of decreasing equity?
A. Increase ownership
B. Reduce ownership interest ✅
C. Increase assets
D. Increase revenue
36. Which account is credited when commission income is
earned?
A. Cash
B. Commission income ✅
C. Expense
D. Liability
37. What is a fixed liability?
A. Short-term
B. Long-term obligation ✅
C. Asset
D. Expense
38. Which account is debited when supplies are used?
A. Supplies expense ✅
B. Cash
C. Revenue
D. Liability
39. What is the effect of decreasing assets?
A. Increase wealth
B. Reduce resources ✅
C. Increase liabilities
D. Increase revenue
40. Which account is credited when cash is received for
services not yet provided?
A. Revenue
B. Unearned revenue ✅
C. Expense
D. Asset
41. What is a business asset?
A. Obligation
B. Resource owned by business ✅
C. Expense
D. Liability
42. Which account is debited when transport expense is paid?
A. Cash
B. Transport expense ✅
C. Revenue
D. Liability
43. What is the effect of increasing liabilities?
A. Reduce obligations
B. Increase obligations ✅
C. Increase revenue
D. Decrease expenses
44. Which account is credited when a prepaid expense is
adjusted?
A. Asset
B. Expense account ✅
C. Cash
D. Liability
45. What is the purpose of financial reporting?
A. Record transactions
B. Communicate financial information ✅
C. Audit accounts
D. Budget
46. Which account is debited when salary is paid?
A. Cash
B. Salary expense ✅
C. Revenue
D. Liability
47. What is the effect of increasing revenue?
A. Decrease profit
B. Increase profit ✅
C. Decrease assets
D. Increase liabilities
48. Which account is credited when a business borrows cash?
A. Cash
B. Loan payable ✅
C. Revenue
D. Expense
49. What is an expense account?
A. Asset
B. Cost incurred in operations ✅
C. Liability
D. Revenue
50. Which account is debited when cash is paid for insurance
expense?
A. Cash
B. Insurance expense ✅
C. Revenue
D. Liability
301. What is a contingent liability?
A. Certain liability
B. Possible future liability ✅
C. Asset
D. Income
302. Which statement shows cash inflow/outflow?
A. Balance Sheet
B. Income Statement
C. Cash Flow Statement ✅
D. Trial Balance
303. Deferred revenue is?
A. Income earned
B. Income received but not earned ✅
C. Expense
D. Asset
304. What is amortization?
A. Asset purchase
B. Spreading cost of intangible asset ✅
C. Selling goods
D. Profit calculation
305. Which is an example of intangible asset?
A. Machinery
B. Building
C. Patent ✅
D. Cash
306. Owner withdrawal is called?
A. Capital
B. Drawings ✅
C. Expense
D. Liability
307. Which ratio measures profitability?
A. Current ratio
B. Profit margin ✅
C. Debt ratio
D. Liquidity ratio
308. Double-entry system means?
A. One entry
B. Two effects in accounts ✅
C. Three accounts
D. No entry
309. What is a voucher?
A. Report
B. Evidence of transaction ✅
C. Statement
D. Invoice
310. What is net worth?
A. Assets – Liabilities ✅
B. Income – Expense
C. Sales – Cost
D. Profit – Loss
Math & Logic
311. 75% of 200 = ?
A. 100
B. 120
C. 150 ✅
D. 175
312. 16 × 4 = ?
A. 60
B. 64 ✅
C. 68
D. 72
313. Next: 6, 12, 18, 24, ?
A. 28
B. 30 ✅
C. 32
D. 36
314. 1000 ÷ 50 = ?
A. 10
B. 15
C. 20 ✅
D. 25
315. If CP = 500, SP = 550, profit = ?
A. 30
B. 40
C. 50 ✅
D. 60
316. Square root of 169 = ?
A. 11
B. 12
C. 13 ✅
D. 14
317. Next: 2, 3, 5, 8, 13, ?
A. 18
B. 20
C. 21 ✅
D. 22
318. 3/5 of 150 = ?
A. 80
B. 85
C. 90 ✅
D. 95
319. 600 – 275 = ?
A. 300
B. 325 ✅
C. 350
D. 375
320. 5³ = ?
A. 100
B. 110
C. 125 ✅
D. 150
Computer Basics
321. Which is an input device?
A. Printer
B. Monitor
C. Mouse ✅
D. Speaker
322. Ctrl + P is used for?
A. Paste
B. Print ✅
C. Copy
D. Save
323. Which is application software?
A. Windows
B. Excel ✅
C. BIOS
D. Firmware
324. RAM is volatile means?
A. Permanent
B. Loses data when off ✅
C. Large
D. Small
325. Which is a file type?
A. Folder
B. .pdf ✅
C. CPU
D. RAM
326. Search engine helps to?
A. Type
B. Find information ✅
C. Save files
D. Print
327. Spam email is?
A. Important mail
B. Unwanted mail ✅
C. Official mail
D. Draft
328. Bluetooth is used for?
A. Printing
B. Wireless connection ✅
C. Typing
D. Scanning
329. Software license is?
A. Virus
B. Legal permission to use software ✅
C. Hardware
D. File
330. Refresh means?
A. Delete
B. Reload/update screen ✅
C. Save
D. Print
General Knowledge & Environment
331. Which planet is closest to the Sun?
A. Venus
B. Mercury ✅
C. Earth
D. Mars
332. Which is the largest mammal?
A. Elephant
B. Blue whale ✅
C. Giraffe
D. Rhino
333. Which gas is harmful in excess?
A. Oxygen
B. Carbon dioxide ✅
C. Nitrogen
D. Helium
334. Which is clean water source?
A. Sewage
B. River (treated) ✅
C. Drain
D. Waste
335. Renewable resource example?
A. Oil
B. Coal
C. Wind ✅
D. Gas
336. Drought is caused by?
A. Excess rain
B. Lack of rain ✅
C. Wind
D. Snow
337. Pollution harms?
A. Environment ✅
B. Nothing
C. Only water
D. Only air
338. Wildlife protection prevents?
A. Growth
B. Extinction ✅
C. Rain
D. Heat
339. Which is eco-friendly?
A. Plastic
B. Paper bag ✅
C. Polythene
D. Metal
340. Carbon footprint refers to?
A. Shoe size
B. Carbon emissions ✅
C. Soil
D. Water
Scenario-Based & Mixed
341. Company records are missing. Result?
A. Accuracy
B. Confusion/errors ✅
C. Profit
D. Growth
342. If profits fall, management should?
A. Ignore
B. Analyze costs & sales ✅
C. Stop business
D. Increase waste
343. Employee leaks financial data. Result?
A. Trust
B. Security breach ✅
C. Profit
D. Growth
344. If budget is well managed?
A. Loss
B. Financial stability ✅
C. Confusion
D. Delay
345. Frequent system crashes indicate?
A. Good performance
B. Technical issue ✅
C. Profit
D. Growth
346. If sales increase but profit doesn't?
A. Costs may be high ✅
B. No issue
C. Profit high
D. Assets low
347. Late reporting leads to?
A. Efficiency
B. Poor decisions ✅
C. Profit
D. Growth
348. Strong internal controls reduce?
A. Profit
B. Fraud risk ✅
C. Sales
D. Assets
349. Clear communication improves?
A. Errors
B. Efficiency ✅
C. Delay
D. Loss
350. Strategic planning helps?
A. Random decisions
B. Long-term success ✅
C. Confusion
D. Delay
351. What is retained earnings?
A. Owner’s withdrawals
B. Accumulated profits kept in business ✅
C. Expense
D. Liability
352. What is a balance sheet date?
A. Start of year
B. End of accounting period ✅
C. Mid-year
D. Any day
353. Which is a fixed liability?
A. Creditors
B. Long-term loan ✅
C. Wages
D. Bills payable
354. Which is a current liability?
A. Mortgage
B. Long-term loan
C. Accounts payable ✅
D. Capital
355. What is a ledger balance?
A. Total of entries
B. Difference between debit & credit ✅
C. Profit
D. Loss
356. What is posting?
A. Recording in journal
B. Transferring to ledger ✅
C. Auditing
D. Reporting
357. Which is a capital receipt?
A. Sales
B. Loan received ✅
C. Salary
D. Rent
358. Which is a revenue receipt?
A. Loan
B. Sale of goods ✅
C. Capital introduced
D. Asset sale
359. What is financial ratio?
A. Statement
B. Tool for analysis ✅
C. Asset
D. Liability
360. What is solvency?
A. Profitability
B. Ability to pay long-term debts ✅
C. Liquidity
D. Sales
Math & Logic
361. 20% of 500 = ?
A. 80
B. 90
C. 100 ✅
D. 120
362. 18 × 3 = ?
A. 48
B. 52
C. 54 ✅
D. 60
363. Next: 1, 2, 4, 8, 16, ?
A. 24
B. 30
C. 32 ✅
D. 36
364. 720 ÷ 8 = ?
A. 80
B. 85
C. 90 ✅
D. 95
365. If CP = 250, SP = 200, loss = ?
A. 40
B. 45
C. 50 ✅
D. 55
366. Square root of 196 = ?
A. 12
B. 13
C. 14 ✅
D. 15
367. Next: 3, 6, 12, 24, ?
A. 36
B. 42
C. 48 ✅
D. 50
368. 4/5 of 200 = ?
A. 140
B. 150
C. 160 ✅
D. 180
369. 850 – 425 = ?
A. 400
B. 425 ✅
C. 450
D. 475
370. 6³ = ?
A. 180
B. 200
C. 216 ✅
D. 240
Computer Basics
371. Which is an operating system?
A. Excel
B. Linux ✅
C. Word
D. Paint
372. Ctrl + X is used for?
A. Copy
B. Paste
C. Cut ✅
D. Save
373. Which is cloud service?
A. Google Drive ✅
B. Keyboard
C. Printer
D. Mouse
374. Which is a programming language?
A. HTML ✅
B. Excel
C. Word
D. Paint
375. File extension .docx is for?
A. Excel
B. Word document ✅
C. PDF
D. Image
376. Which device shows output?
A. Keyboard
B. Monitor ✅
C. Mouse
D. Scanner
377. Antivirus detects?
A. Hardware
B. Malware ✅
C. Files
D. Data
378. Internet protocol example?
A. HTTP ✅
B. CPU
C. RAM
D. USB
379. Data storage unit larger than MB?
A. KB
B. GB ✅
C. Bit
D. Byte
380. Login failure due to?
A. Correct password
B. Wrong credentials ✅
C. Good connection
D. Update
General Knowledge & Environment
381. Which is the hottest continent?
A. Asia
B. Africa ✅
C. Europe
D. Australia
382. Which ocean borders Tanzania?
A. Atlantic
B. Pacific
C. Indian Ocean ✅
D. Arctic
383. Which gas supports combustion?
A. Nitrogen
B. Oxygen ✅
C. Carbon dioxide
D. Hydrogen
384. Which is an environmental hazard?
A. Recycling
B. Pollution ✅
C. Planting trees
D. Saving water
385. Renewable energy reduces?
A. Pollution ✅
B. Water
C. Oxygen
D. Soil
386. Which is a mineral resource?
A. Water
B. Gold ✅
C. Trees
D. Air
387. Which practice saves energy?
A. Leaving lights on
B. Switching off devices ✅
C. Wasting power
D. Overuse
388. Which is greenhouse gas?
A. Oxygen
B. Methane ✅
C. Nitrogen
D. Helium
389. Conservation means?
A. Waste
B. Protection of resources ✅
C. Destruction
D. Overuse
390. Which is an example of pollution control?
A. Burning waste
B. Recycling ✅
C. Dumping
D. Cutting trees
Scenario-Based & Mixed
391. If financial data is inaccurate?
A. Good decisions
B. Wrong decisions ✅
C. Profit
D. Growth
392. High debt leads to?
A. Stability
B. Financial risk ✅
C. Profit
D. Growth
393. If team communication is poor?
A. Efficiency
B. Errors increase ✅
C. Profit
D. Growth
394. If audit finds errors?
A. Ignore
B. Correct them ✅
C. Hide
D. Delete
395. If company expands wisely?
A. Risk
B. Growth ✅
C. Loss
D. Delay
396. Poor time management leads to?
A. Productivity
B. Delays ✅
C. Profit
D. Accuracy
397. If costs are controlled?
A. Profit improves ✅
B. Loss increases
C. Revenue falls
D. Assets drop
398. Data security protects?
A. Loss
B. Information ✅
C. Hardware only
D. Software only
399. If planning is ignored?
A. Success
B. Failure risk ✅
C. Profit
D. Growth
400. Strong ethics in finance ensures?
A. Fraud
B. Trust & integrity ✅
C. Loss
D. Delay
1. Which concept assumes a business will not liquidate soon?
A. Accrual
B. Going concern ✅
C. Matching
D. Prudence
2. Which account is debited when a customer pays using bank
transfer?
A. Cash
B. Bank ✅
C. Revenue
D. Expense
3. What is the normal balance of income accounts?
A. Debit
B. Credit ✅
C. Both
D. None
4. Which account is credited when inventory is sold for
cash?
A. Cash
B. Inventory (reduction) ✅
C. Expense
D. Liability
5. What is the purpose of a trial balance?
A. Show profit
B. Verify debit equals credit ✅
C. Record transactions
D. Calculate tax
6. Which account is debited when office furniture is
purchased for cash?
A. Cash
B. Furniture (asset) ✅
C. Expense
D. Revenue
7. What is a non-current liability?
A. Payable within a year
B. Payable after more than one year ✅
C. Asset
D. Expense
8. Which account is credited when income is received in
advance?
A. Revenue
B. Unearned revenue ✅
C. Expense
D. Asset
9. What is the effect of an increase in assets?
A. Decrease resources
B. Increase resources ✅
C. Increase liabilities
D. Decrease equity
10. Which account is debited when goods are sold on credit?
A. Sales
B. Accounts receivable ✅
C. Cash
D. Expense
11. What is a ledger balance?
A. Total entries
B. Difference between debit and credit totals ✅
C. Journal entry
D. Trial balance
12. Which account is credited when discount is allowed?
A. Cash
B. Discount allowed (expense) ✅
C. Revenue
D. Liability
13. What is the effect of decreasing expenses?
A. Increase profit ✅
B. Decrease profit
C. Increase liabilities
D. Decrease assets
14. Which account is debited when utilities are paid through
bank?
A. Bank
B. Utilities expense ✅
C. Revenue
D. Liability
15. What is a capital reserve?
A. Daily income
B. Reserve from capital profits ✅
C. Expense
D. Liability
16. Which account is credited when a fixed asset is
purchased for cash?
A. Asset
B. Cash ✅
C. Expense
D. Revenue
17. What is the effect of an increase in liabilities?
A. Reduce obligations
B. Increase obligations ✅
C. Decrease expenses
D. Increase assets
18. Which account is debited when a note receivable is
received?
A. Cash
B. Notes receivable (asset) ✅
C. Expense
D. Revenue
19. What is an operating profit?
A. Total income
B. Profit from core operations ✅
C. Net loss
D. Tax
20. Which account is credited when prepaid rent is recorded
initially?
A. Rent expense
B. Cash ✅
C. Asset
D. Liability
21. What is the effect of decreasing assets?
A. Increase resources
B. Reduce resources ✅
C. Increase equity
D. Increase revenue
22. Which account is debited when commission expense is
unpaid?
A. Cash
B. Commission expense ✅
C. Liability
D. Revenue
23. What is a revenue reserve?
A. Capital income
B. Reserve from retained earnings ✅
C. Liability
D. Expense
24. Which account is credited when a debtor pays by cheque?
A. Cash
B. Accounts receivable ✅
C. Revenue
D. Expense
25. What is the effect of increasing revenue?
A. Decrease profit
B. Increase profit ✅
C. Increase liabilities
D. Decrease assets
26. Which account is debited when equipment is repaired?
A. Equipment
B. Repair expense ✅
C. Cash
D. Liability
27. What is a provision for doubtful debts?
A. Asset
B. Estimated bad debt expense ✅
C. Liability
D. Revenue
28. Which account is credited when goods are sold on credit?
A. Accounts receivable
B. Sales revenue ✅
C. Cash
D. Expense
29. What is the effect of decreasing liabilities?
A. Increase obligations
B. Reduce obligations ✅
C. Increase expenses
D. Increase revenue
30. Which account is debited when salary is unpaid?
A. Cash
B. Salary expense ✅
C. Liability
D. Revenue
31. What is a financial statement?
A. Journal
B. Formal record of financial activities ✅
C. Ledger
D. Invoice
32. Which account is credited when rent income is earned but
not received?
A. Cash
B. Rent income ✅
C. Expense
D. Liability
33. What is a direct expense?
A. Indirect cost
B. Cost directly related to production ✅
C. Fixed cost
D. Liability
34. Which account is debited when goods are purchased for
cash?
A. Cash
B. Purchases/Inventory ✅
C. Revenue
D. Expense
35. What is the effect of increasing expenses?
A. Increase profit
B. Decrease profit ✅
C. Increase assets
D. Increase equity
36. Which account is credited when a liability is reduced?
A. Cash
B. Asset
C. Liability account (reduction) ❌
D. Revenue
(Correct: A. Cash — since payment reduces liability and cash
is credited)
37. What is a contra liability account?
A. Increases liability
B. Reduces liability balance ✅
C. Asset
D. Expense
38. Which account is debited when bad debts are written off?
A. Cash
B. Bad debt expense ✅
C. Revenue
D. Liability
39. What is the effect of increasing equity?
A. Decrease ownership
B. Increase ownership interest ✅
C. Increase liabilities
D. Decrease assets
40. Which account is credited when interest income is
earned?
A. Cash
B. Interest income ✅
C. Expense
D. Liability
41. What is an accounting period?
A. Lifetime
B. Specific time interval for reporting ✅
C. Daily record
D. Weekly report
42. Which account is debited when transport expense is
unpaid?
A. Cash
B. Transport expense ✅
C. Liability
D. Revenue
43. What is the effect of decreasing revenue?
A. Increase profit
B. Decrease profit ✅
C. Increase assets
D. Decrease liabilities
44. Which account is credited when a loan is received in
bank?
A. Bank
B. Loan payable ✅
C. Revenue
D. Expense
45. What is a financial liability?
A. Asset
B. Obligation to pay cash or resources ✅
C. Income
D. Expense
46. Which account is debited when electricity expense is
paid?
A. Cash
B. Electricity expense ✅
C. Revenue
D. Liability
47. What is the effect of increasing assets?
A. Reduce resources
B. Increase resources ✅
C. Increase expenses
D. Decrease equity
48. Which account is credited when inventory is purchased on
credit?
A. Inventory
B. Accounts payable ✅
C. Expense
D. Revenue
49. What is financial control?
A. Recording transactions
B. Monitoring and managing finances ✅
C. Auditing
D. Taxation
50. Which account is debited when cash is received from rent
income?
A. Cash ✅
B. Revenue
C. Expense
D. Liability
451. What is a capital loss?
A. Gain on asset
B. Loss on sale of asset ✅
C. Expense
D. Income
452. What is an accounting period?
A. 1 month
B. Time for preparing accounts ✅
C. 1 week
D. Random time
453. Which account is utilities expense?
A. Asset
B. Expense ✅
C. Liability
D. Income
454. Which is a financial asset?
A. Machinery
B. Cash ✅
C. Building
D. Land
455. What is capital employed?
A. Total assets – current liabilities ✅
B. Sales – expenses
C. Profit – loss
D. Cash – liabilities
456. What is working ratio?
A. Profit ratio
B. Expense to revenue ratio ✅
C. Asset ratio
D. Debt ratio
457. Which is a cost center?
A. Department incurring cost ✅
B. Profit unit
C. Asset
D. Liability
458. Which is a profit center?
A. Cost unit
B. Unit generating profit ✅
C. Expense
D. Liability
459. What is variance?
A. Fixed cost
B. Difference between planned & actual ✅
C. Asset
D. Income
460. Budget control helps in?
A. Overspending
B. Cost control ✅
C. Loss
D. Delay
Math & Logic
461. 35% of 200 = ?
A. 60
B. 65
C. 70 ✅
D. 75
462. 24 × 3 = ?
A. 60
B. 66
C. 72 ✅
D. 78
463. Next: 8, 16, 32, 64, ?
A. 96
B. 112
C. 128 ✅
D. 140
464. 360 ÷ 9 = ?
A. 30
B. 35
C. 40 ✅
D. 45
465. If CP = 400, SP = 480, profit % = ?
A. 10%
B. 15%
C. 20% ✅
D. 25%
466. Square root of 256 = ?
A. 14
B. 15
C. 16 ✅
D. 18
467. Next: 2, 4, 7, 11, 16, ?
A. 20
B. 22 ✅
C. 24
D. 26
468. 9/10 of 100 = ?
A. 80
B. 85
C. 90 ✅
D. 95
469. 1000 – 600 = ?
A. 350
B. 400 ✅
C. 450
D. 500
470. 8³ = ?
A. 256
B. 400
C. 512 ✅
D. 600
Computer Basics
471. Which is an example of hardware?
A. Software
B. CPU ✅
C. Excel
D. Word
472. Ctrl + N is used for?
A. Save
B. New file ✅
C. Copy
D. Paste
473. Which is a spreadsheet software?
A. Word
B. Excel ✅
C. Paint
D. Notepad
474. IP address identifies?
A. User
B. Device on network ✅
C. File
D. Folder
475. Which is an input/output device?
A. Monitor
B. Printer
C. Touchscreen ✅
D. Speaker
476. Malware includes?
A. Antivirus
B. Virus, worm, spyware ✅
C. Hardware
D. Files
477. Encryption is used for?
A. Speed
B. Security of data ✅
C. Storage
D. Printing
478. URL is used for?
A. Typing
B. Accessing web pages ✅
C. Printing
D. Saving
479. Server is?
A. Client
B. Provides services/data ✅
C. Input device
D. Output device
480. Update software to?
A. Slow system
B. Improve performance/security ✅
C. Delete files
D. Reduce storage
General Knowledge & Environment
481. Which is the tallest mountain in Africa?
A. Mount Kenya
B. Mount Kilimanjaro ✅
C. Rwenzori
D. Atlas
482. Which is the largest desert?
A. Sahara ✅
B. Kalahari
C. Gobi
D. Arabian
483. Which gas is released during respiration?
A. Oxygen
B. Carbon dioxide ✅
C. Nitrogen
D. Hydrogen
484. Which energy source is non-renewable?
A. Solar
B. Wind
C. Coal ✅
D. Water
485. Which is a form of pollution?
A. Clean water
B. Noise pollution ✅
C. Oxygen
D. Soil
486. Which helps reduce air pollution?
A. Cutting trees
B. Planting trees ✅
C. Burning fuel
D. Waste
487. Which is a water conservation method?
A. Waste water
B. Rainwater harvesting ✅
C. Overuse
D. Leakage
488. Which is a greenhouse gas?
A. Oxygen
B. Carbon dioxide ✅
C. Nitrogen
D. Helium
489. Which activity protects environment?
A. Dumping waste
B. Recycling ✅
C. Burning plastic
D. Deforestation
490. Which is a renewable resource?
A. Oil
B. Coal
C. Solar energy ✅
D. Gas
Scenario-Based & Mixed
491. If financial reports are delayed?
A. Good decisions
B. Poor decisions ✅
C. Profit
D. Growth
492. If company maintains strong ethics?
A. Fraud
B. Trust builds ✅
C. Loss
D. Delay
493. If inventory is overstocked?
A. Profit rises
B. Storage cost increases ✅
C. No effect
D. Sales increase
494. If passwords are weak?
A. Security increases
B. Security risk ✅
C. Speed increases
D. Storage increases
495. If audit is ignored?
A. Accuracy
B. Errors/fraud risk increase ✅
C. Profit
D. Growth
496. If costs are higher than revenue?
A. Profit
B. Loss ✅
C. Stability
D. Growth
497. If customer service improves?
A. Complaints increase
B. Loyalty increases ✅
C. Loss
D. Delay
498. If data is not backed up?
A. Safe
B. Risk of loss ✅
C. Secure
D. Fast
499. If planning is strong?
A. Failure
B. Success chances increase ✅
C. Delay
D. Loss
500. Good governance leads to?
A. Corruption
B. Accountability & transparency ✅
C. Loss
D. Delay
501. What is a fixed cost?
A. Changes with production
B. Remains constant ✅
C. Variable
D. Temporary
502. Variable cost is?
A. Fixed
B. Changes with output ✅
C. Constant
D. Asset
503. Contribution = ?
A. Sales – Variable cost ✅
B. Sales – Fixed cost
C. Profit – Expense
D. Cost – Revenue
504. Margin of safety means?
A. Risk
B. Extra sales above break-even ✅
C. Loss
D. Cost
505. Break-even sales occur when?
A. Profit
B. Loss
C. Profit = 0 ✅
D. Sales = 0
506. Which is a fixed expense?
A. Raw materials
B. Rent ✅
C. Sales commission
D. Fuel
507. Which is a variable expense?
A. Rent
B. Salary
C. Raw materials ✅
D. Insurance
508. What is standard costing?
A. Actual cost
B. Estimated cost for control ✅
C. Fixed cost
D. Variable cost
509. What is cost control?
A. Increase cost
B. Monitor & reduce costs ✅
C. Ignore costs
D. Delay
510. What is cost reduction?
A. Temporary saving
B. Permanent cost decrease ✅
C. Cost increase
D. No change
Math & Logic
511. 45% of 200 = ?
A. 80
B. 85
C. 90 ✅
D. 95
512. 25 × 4 = ?
A. 90
B. 100 ✅
C. 110
D. 120
513. Next: 11, 22, 44, 88, ?
A. 120
B. 150
C. 176 ✅
D. 200
514. 600 ÷ 12 = ?
A. 40
B. 45
C. 50 ✅
D. 55
515. If CP = 500, SP = 450, loss % = ?
A. 5%
B. 10% ✅
C. 15%
D. 20%
516. Square root of 289 = ?
A. 15
B. 16
C. 17 ✅
D. 18
517. Next: 3, 9, 27, 81, ?
A. 162
B. 200
C. 243 ✅
D. 300
518. 1/4 of 400 = ?
A. 80
B. 90
C. 100 ✅
D. 120
519. 1200 – 450 = ?
A. 700
B. 750 ✅
C. 800
D. 850
520. 9³ = ?
A. 600
B. 700
C. 729 ✅
D. 800
Computer Basics
521. Which is an example of OS?
A. Excel
B. Android ✅
C. Word
D. Chrome
522. Ctrl + B is used for?
A. Italic
B. Bold ✅
C. Underline
D. Save
523. Which is a storage device?
A. Mouse
B. Hard disk ✅
C. Monitor
D. Keyboard
524. Software installation means?
A. Delete program
B. Add program to system ✅
C. Print file
D. Copy file
525. Which is a type of file?
A. Folder
B. .jpg ✅
C. CPU
D. RAM
526. Internet security tool?
A. Paint
B. Antivirus ✅
C. Excel
D. Word
527. Search bar is used to?
A. Print
B. Find info ✅
C. Save
D. Delete
528. USB device is portable means?
A. Fixed
B. Easy to carry ✅
C. Large
D. Slow
529. Which is a communication tool?
A. Email ✅
B. Printer
C. Scanner
D. Monitor
530. Software crash means?
A. Works fine
B. Stops working unexpectedly ✅
C. Updates
D. Saves
General Knowledge & Environment
531. Which is the fastest land animal?
A. Lion
B. Cheetah ✅
C. Tiger
D. Leopard
532. Which is the main source of electricity in many
countries?
A. Wind
B. Hydropower ✅
C. Solar
D. Coal
533. Which gas forms ozone layer?
A. Oxygen (O₃ form) ✅
B. Nitrogen
C. Carbon dioxide
D. Hydrogen
534. Which is a natural resource?
A. Plastic
B. Oil ✅
C. Glass
D. Steel
535. Which helps reduce deforestation?
A. Cutting trees
B. Reforestation ✅
C. Burning forests
D. Mining
536. Which is water pollution cause?
A. Clean water
B. Industrial waste ✅
C. Rain
D. Sun
537. Which is a renewable source?
A. Coal
B. Wind ✅
C. Oil
D. Gas
538. Which is a global issue?
A. Local rain
B. Climate change ✅
C. Small river
D. Village road
539. Which saves environment?
A. Waste
B. Reduce, reuse, recycle ✅
C. Burn plastic
D. Dump waste
540. Which is eco-friendly transport?
A. Truck
B. Bicycle ✅
C. Diesel car
D. Bus
Scenario-Based & Mixed
541. If fixed costs increase?
A. Profit rises
B. Break-even point increases ✅
C. Sales increase
D. Costs decrease
542. If sales drop suddenly?
A. Ignore
B. Investigate cause ✅
C. Increase waste
D. Stop work
543. If system is hacked?
A. Safe
B. Security breach ✅
C. Fast
D. Clean
544. If employee is untrained?
A. Efficiency
B. Errors increase ✅
C. Profit
D. Growth
545. If expenses are controlled?
A. Profit improves ✅
B. Loss increases
C. Sales fall
D. Assets drop
546. If customer trust is lost?
A. Growth
B. Business declines ✅
C. Profit rises
D. No change
547. If audit is strong?
A. Fraud risk reduces ✅
B. Errors increase
C. Loss
D. Delay
548. If data is encrypted?
A. Public
B. Secure ✅
C. Deleted
D. Printed
549. If planning is weak?
A. Success
B. Failure risk increases ✅
C. Profit rises
D. Growth
550. Good teamwork leads to?
A. Conflict
B. Better performance ✅
C. Delay
D. Errors
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