8 EMS Accounting Concepts

Front

Select a non-current asset from the options: vehicle, money in the bank, petty cash, cash float.

Back

vehicle

Front

Assets are divided into which two categories?

Back

Current assets and non-current assets

Front

Assets are best described as:

Back

possession of the business

Front

Salaries paid by a business are classified as:

Back

Expense

Front

A bank loan is classified as: Income, Expense, Liability

Back

Liability

Front

Land and buildings is classified as:

Back

Non-current asset

Front

Debt that a business or individual has to pay is classified as:

Back

Liability

Front

Money used to start a business is classified as: Expense, Income, Liability, Capital

Back

Capital

Front

Cash kept in the cash register for change is called:

Back

Cash float

Front

An example of a liability is:

Back

Loan