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Term 2 Business Exam

Chloe Costello 8 questions

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Questions in this quiz (8)

1An item of value owned by a business which lasts for years.
1. ALiability
2. BExpense
3. CAsset
2An amount owed to another firm/business.
1. AAsset
2. BSale
3. CLiability
4. DExpense
3The value of the business to the owner.
1. AOwner's Equity
2. BCapital
3. CIncome
4Costs from a business which must be bought over and over.
1. ACapital
2. BBank Overdraft
3. CExpenses
4. DMortage
5Income received by a business.
1. ARevenue
2. BSales
3. CStock
6The amount the owner has invested in the business.
1. AOwner's Equity
2. BExpense
3. CDrawings
4. DCapital
7A firm/individual who owes the business money.
1. AAccounts Recievable
2. BAccounts Payable
8A firm/individual to whom owes the business money.
1. AAccounts Receivable
2. BAccounts Payable

Description: Year 10 Economics and Business Quiz on Term 2 Business Exam, created by Chloe Costello on 18/06/2018.
Author: Chloe Costello
Language: English
Views: 18
Tags: finance defintions business income statment balance sheet accounting definitions economics and business year 10
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