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Which of the following item is not an asset.

• Cash at Bank

• Motor Vehicle

• Stationery

• Inventories

A Bank Loan is classified as a:

• Revenue

• Expense

• Asset

• Liability

Which of the following items would not fall under the definition of an asset ?

• Creditors

• Debtors

• Cash

• Machinery

The amount spent in order to produce and sell the goods and services which generates income is termed as

• Revenue

• Loss

• Expenses

• Liabilities

Revenues minus expenses equals _____________________.
(Revenues-Expenses = _______________)

• Profit
• Overhead
• Income
• None of the above

An increase in owner's equity resulting from the operation of a business

• asset
• expense
• withdrawl
• revenue

What is owner's equity? 

• The amount of money the owner's has
• The stock options 
• The assets 
• The assets minus the liabilities of a business 

Amount owed by a business

• liability
• asset
• capital
• account