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2022 4-9 T2W3 Part 2

Business

12th Grade

Used 2+ times

2022 4-9 T2W3 Part 2
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50 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Equity refers to claim by the owner(s) on the net _____ of a business.

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

All business activities are represented by five accounting _____, i.e. assets, liabilities, equity, income and expenses.

3.

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1 min • 1 pt

Income refers to amounts _____ from the activities of a business

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Income refers to amounts earned from the _____ of a business

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Expense refers to cost _____ in the operation of the business to earn income in the same accounting period.

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Expense refers to cost incurred in the _____ of the business to earn income in the same accounting period.

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Expense refers to cost incurred in the operation of the business to _____ _____ in the same accounting period.

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