7 Faith Income and Expenses
Authored by Emily Prematta
Business
6th - 8th Grade
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the amount of money that you actually have available in your account?
Debit
Balance
Credit
Cashflow
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the movement of money from your account, which is positive if income is greater than expenses?
Cashflow
Balance
Debit
Credit
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a positive transaction in your account, one that adds money?
Expenses
Income
Taxes
Credit
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a negative transaction in your account, one that removes money?
Expenses
Income
Taxes
Debit
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are amounts of money spent to buy goods and services for yourself or your business?
Expenses
Profit
Income
Credit
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is money earned through employment and investments?
Expenses
Income
Credit
Profit
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the lowest amount of pay per hour that an employee can legally earn?
Revenue
Profit
Minimum wage
Taxes
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