MaralNaraa

Which of the following statements in NOT true ?

• The takings are higher than last year

• Most of the profit came in the second quarter

• The company received a grant in the third quarter

• The company bought delivery vehicles in the first quarter

Answer explanation

The company's assets decreased in value because

The company's assets decreased in value because

• this year's profits were low

• the company suffered a net loss

• the delivery trucks were expensive

• the computers decreased in value

What is the company likely to do next year?

• buy a new computer system

• receive $3,000 in debts

• receive a grant

• reduce spending

Money given to help a specific project

• expenditure

• assets

• grant

• net loss

A situation where you spend more than you receive

• net loss

• balance sheet

• depreciation

• financial report

A document giving information about finances

• financial report

• depreciation

• balance sheet

• grant

The money you spend

• expenditure

• balance sheet

• assets

• net loss

Things you own which have value

• grant

• net loss

• assets

• expenditure

the loss in somethings value over time

• expenditure

• balance sheet

• assets

• depreciation

a document containing statements relating to money

• depreciation

• grant

• net loss

• financial report