Second Term Examination Agricultural Science Basic 9 (JSS 3)

 

 

CRN INTERNATIONAL SCHOOL

AGRICULTURAL SCIENCE 

SECOND TERM EXAMINATION 

JUNIOR SECONDARY SCHOOL – JSS 3

 

SECTION A — OBJECTIVES

Answer all questions

 

1 ________________________ is the recording of financial transactions and

Is part of the process of accounting in business.

{a} Receipts

{b} Expenses

{c} book keeping

{d} Transaction

 

2 ________________________ is used to keep all the activities in the farm.

 

3 ________________________ Are goods returned to the selling entity by the customer.

{a} Purchase invoice

{b} Return inwards

{c} Returns outwards

{d} Purchase invoice

 

4 A good returned by an organization to its suppliers is called ________________________.

{a} purchase journal

{b} returns outwards

{c} purchases invoice

{d} sales journal

 

5 ________________________ is used to record day to day events of the farm.

 

Relevant links:

Second Term Examination Agricultural Science Basic 7 (JSS 1) 

Second Term Examination Agricultural Science Basic 8 (JSS 2)

 

 

6 ________________________ is a document containing the financial activities in the farm.

 

7 Revenue means ________________________________________________.

 

8 Expenditure means ________________________________________________.

 

9 Three sources of government income are ________________________, ________________________ and ________________________.

 

10 When the expenditure is greater than the revenue, we have ________________________.

{a} profit

{b} loss

{c} returns

{d} equal amount

 

11 When income and expenditure are at equilibrium, we have ________________________.

 

12 When revenue is greater than expenses, it is ________________________.

 

 

13 The record used to put down the amount of production in the farm is called

{a} produced record

{b} producer record

{c} production record

{d} productional record

 

14 Consumption records shows ________________________.

 

15 ________________________ is an electronic or paper type file that keeps tracts of the sales that is associated with the farm.

{a} Purchases record

{b} Sales record

{c} Loss account

{d} Expenditure record

 

16 ________________________ is a market where shares, stocks and other securities are bought and sold.

{a} Commodity

{b} Perfect

[c} Stock exchange

{d} Monopolistic

 

17 The governing body of the stock exchange is ________________________.

 

18 The market deals in the following except ________________________.

{a} shares

{b} stock

{c} income

{d} bond

 

19 The salaried office workers employed by brokers and jobbers are ________________________.

{a} investors

{b} speculators

{c} brokers

{d} authorized clerk

 

20 People who specialize in a particular type of stocks and shares are ________________________.

{a} speculators

{b} brokers

{c} jobbers

{d} investors

 

 

SECTION A — THEORY

ANSWER FOUR{4} QUESTIONS IN ALL.

 

1a. Define farm records.

b. Highlight four{4} of its importance.

c. What is meant by financial records.

 

2 Discuss in detail, ‘ Income and Expenditure’. Use three examples to show your view.

 

3 Comment on the following:

a. Farm diary

b. Production record

c. Consumption record

d. sales record.

 

4a. Discuss profit and loss account using figures to distinguish them.

b. Discuss computer aided farm.

 

5a. Define agriculture in stock exchange.

b. Enumerate five (5) people involve in it.

c. Comment on the following:

(I) The jobbers

(ii) Authorized clerk

(iii) Investors

 

GOODLUCK

 

 

 

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