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BTEC ENT - Assets and liabilities

Authored by Conor Sutton

Business

10th - 12th Grade

Used 13+ times

BTEC ENT - Assets and liabilities
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ is the difference between current assets and net current liabilities.

Net current profit

Net current assets

Net current loss

Net current point

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The formula for net current assets = ???

Current assets + current liabilities

Current assets x current liabilities

Current assets / current liabilities

Current assets - Current liabilities

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

____ is something that an enterprise owns

An asset

A liability

A break even point

Sales revenue

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ is something that does not change in the short term

A current liability

A fixed asset

A cement asset

A current asset

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A vehicle to deliver goods is a _____

current liability

current asset

fixed asset

long term liability

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ is an item that will change every time the business completes a transaction

A locked asset

A fixed asset

A current asset

A loose asset

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ can be turned into cash quickly!

Current assets

Long term liabilities

Fixed assets

A gross profit

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