BTEC ENT - Assets and liabilities

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

• Net current profit

• Net current assets

• Net current loss

• Net current point

The formula for net current assets = ???

• Current assets + current liabilities

• Current assets x current liabilities

• Current assets / current liabilities

• Current assets - Current liabilities

____ is something that an enterprise owns

• An asset

• A liability

• A break even point

• Sales revenue

_____ is something that does not change in the short term

• A current liability

• A fixed asset

• A cement asset

• A current asset

A vehicle to deliver goods is a _____

• current liability

• current asset

• fixed asset

• long term liability

_____ 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

_____ can be turned into cash quickly!

• Current assets

• Long term liabilities

• Fixed assets

• A gross profit

Which one of the following is an example of a current asset?

• Building

• Machinery

• Stock

• Vehicle

Which one of the following is an example of a current asset?

• Trade debtors

• Vehicle

• Trade creditors

• Fixtures and fittings

Which one of the following is an example of a current asset?

• Machinery

• Building

• Vehicles

• Cash in the bank