General Knowledge
Accounting
Current Issues
TRAIN Law
SPUQC
100

On the 92nd Academy Awards, what movie won the best picture award?

Parasite

100

The branch of accounting that examines a firm's financial statements and internal controls for the purpose of expressing opinions regarding the financial statements

auditing

100

With the recent outbreak what is the meaning of the abbreviation NCOV?

Novel Corona Virus

100

Tax Reform for Acceleration and Inclusion is known as _______.

RA 10963

100

Last signatory of every clearance

Finance Office 

200

What is the next line for this famous movie line?

 (video)

"I deserve an acceptable reason"

200

Name the 5 Financial Statements that is commonly prepared

Statement of Financial Position (Balance Sheet)

Statement of Comprehensive Income (Income Statement)

Statement of Cash Flows

Statement of Changes in Owner's Equity (or Retained Earnings)

Notes to Financial Statement

200

What are the two states that does not legalize divorce? 

Philippines and Vatican City

200

The actual effort exerted by the government to effect the exaction of what is due from the taxpayer is known as ___________.

Collection

200

What year did St. Paul University Quezon City started to open its door to young men who desired to undergo their college education and formation in SPUQC

2006

300

Who was the Former President of the Philippines who opened the Malacanang Palace to the public? 

Ramon Magsaysay 

300

System of reporting revenues and expenses in the period in which they are considered to have been earned or incurred, regardless of the actual time of collection or payment

accrual basis accounting

300

Who is the guy next to Former President Erap in this picture?


Kobe Bryant


300

It is a form of escape from taxation when the means used to minimize taxes are legal and not prohibited by law.

Tax Avoidance

300

How many undergraduate programs under Bachelor of Science and Bachelor of Arts does the SPUQC offer

14

400

What broadway musical did Rachelle Ann Go and Lea Salonga starred as Fantine?

Les Miserables

400

What is the amount of Cash?

243,570

400

What is the official petition hashtag of ABS-CBN?

#NoToABSCBNShutdown

400

Tax-exempt threshold for 13th month pay and other bonuses under TRAIN Law is:

(answer in US Dollars Php 1= USD 50.58)

Ans. $1,779.3594306

Php 90,000/50.58

400

Where should do we borrow speakers and microphone (complete office name)

Communication Media Center

500

How many "doo" in the whole song of Baby Shark?

162

500

AN ACT REGULATING THE PRACTICE OF ACCOUNTANCY IN THE PHILIPPINES

RA 9298

500

Wha is the Island that is being claimed by the Chinese Government? (Give the correct Spelling)

Scarborough Shoal 

500

EXO University is a non-stock/non profit institution

Tuition fees 3, 000, 000

Parking fees 100,000

Admin Expenses- school 100, 000

Other School Expenses 900, 000


How much is the tax due?

Ans. 0/EXEMPTED


Sol.

100, 000/ 100, 000= 10%

Non-stock/ Non-profit educational institutions are generally exempted but if Admin Expenses exceeds 30% of total expenses------ 30%

500

What is the complete address of St. Paul University Quezon City

#16 Aurora Blvd., corner Gilmore Avenue, New Manila, Quezon City

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