
untitled
Quiz
•
Business
•
11th Grade
•
Practice Problem
•
Easy
Natasha Brown
Used 1+ times
FREE Resource
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8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following item is not an asset.
Cash at Bank
Motor Vehicle
Stationery
Inventories
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Bank Loan is classified as a:
Revenue
Expense
Asset
Liability
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following items would not fall under the definition of an asset ?
Creditors
Debtors
Cash
Machinery
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount spent in order to produce and sell the goods and services which generates income is termed as
Revenue
Loss
Expenses
Liabilities
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Revenues minus expenses equals _____________________.
(Revenues-Expenses = _______________)
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An increase in owner's equity resulting from the operation of a business
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is owner's equity?
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amount owed by a business
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