ACC1006
Authored by Woodridge Connect
Special Education, Education, Business
10th Grade
Used 1+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Trading stock is always entered in the books at_____.
Cost price
Sales price
Cash Payment Journal
Cash Receipts Journal
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Income and expenses have an influence on the _______ of the business.
Assets
Owners Equity
Liability
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An asset purchase by the business with the aim of changing it into cash within one year, is a ______ asset.
Current
Non-current
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If bank is overdrawn, it is _________.
Current liability
Non-current liability
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Non-current assets consist of ______ and ______.
Fixed assets
Financial assets
Petty Cash
Trading stock
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