Term 2 Business Exam

Descripción

Year 10 Economics and Business Test sobre Term 2 Business Exam, creado por Chloe Costello el 18/06/2018.
Chloe Costello
Test por Chloe Costello, actualizado hace más de 1 año
Chloe Costello
Creado por Chloe Costello hace más de 6 años
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Resumen del Recurso

Pregunta 1

Pregunta
An item of value owned by a business which lasts for years.
Respuesta
  • Liability
  • Expense
  • Asset

Pregunta 2

Pregunta
An amount owed to another firm/business.
Respuesta
  • Asset
  • Sale
  • Liability
  • Expense

Pregunta 3

Pregunta
The value of the business to the owner.
Respuesta
  • Owner's Equity
  • Capital
  • Income

Pregunta 4

Pregunta
Costs from a business which must be bought over and over.
Respuesta
  • Capital
  • Bank Overdraft
  • Expenses
  • Mortage

Pregunta 5

Pregunta
Income received by a business.
Respuesta
  • Revenue
  • Sales
  • Stock

Pregunta 6

Pregunta
The amount the owner has invested in the business.
Respuesta
  • Owner's Equity
  • Expense
  • Drawings
  • Capital

Pregunta 7

Pregunta
A firm/individual who owes the business money.
Respuesta
  • Accounts Recievable
  • Accounts Payable

Pregunta 8

Pregunta
A firm/individual to whom owes the business money.
Respuesta
  • Accounts Receivable
  • Accounts Payable
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