The ability to exchange one asset for another.
Accounting

Quiz
•
English, Professional Development
•
7th Grade
•
Hard
A.G. A.G.
Used 17+ times
FREE Resource
22 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
liquidation
fluidity
exchangeability
liquidity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An entry in an account, it contains the amount.
item
input
record
recording
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A tool used to record business transactions.
accountancy
accounting
count
account
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A kind of assets including e.g. machinery, a building.
intangible
tangible
tangable
untangable
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sources of financing a business entity.
liabilities
reliability
abilities
ability
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A company's logo is a...
trading mark
mark trade
trade mark
trademark
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amounts due from customers or employees.
receptions
receivings
receivables
debts
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