L1  terms 2024

L1 terms 2024

1st Grade

19 Qs

quiz-placeholder

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L1  terms 2024

L1 terms 2024

Assessment

Quiz

Computers

1st Grade

Medium

Created by

Jag Jo

Used 9+ times

FREE Resource

19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Money that you earn, it could be by doing business or by doing some work.

Deficiit

Cash

Income

Dollars

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Money you or a business spends.

Easy money

Expenses

Income

Assets

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The money you owe to someone eg to a friend or a bank and you have to give it back. Its become your

income

debt

pain

problem

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

This happens when expenses are greater than income.

a surplus

a deficit

a headache

a migrain

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The money remaining when income is greater than expenses.

a surplus

a deficit

a lottery

a migrain

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

This is when a property (eg a car) loses some of its value over time.

an appreciation

a depreciation

a loss

a problem

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Anything that has value— cash in hand or in bank, a house, a shop, equipment and anything else that can be turned into cash.

A blessing

an asset

cash convertor

a loss

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