Money that you earn, it could be by doing business or by doing some work.
L1 terms 2024

Quiz
•
Computers
•
1st Grade
•
Medium
Jag Jo
Used 9+ times
FREE Resource
19 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
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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