Day 2 - L1 - BUSK

Carol Ltd may fail. This could indicate that the business was making

• profit

• loss

The business bank account is seriously overdrawn. This could indicate that the business was making

• profit

• loss

The business has an opportunity for growth. This could indicate that the business was making

• profit

• loss

The business has enjoyed large volume of sales. This could indicate that the business was making

• profit

• loss

The business has invested in new ventures. This could indicate that the business was making

• profit

• loss

The business' suppliers have withdrawn their credit agreement. This could indicate that the business was making

• profit

• loss

Sales was £78,000. Cost of sales £50,700. Wages was £7,500; Vehicles expense was £5,000. The gross profit was

Sales was £78,000. Cost of sales £50,700. Wages was £7,500; Vehicles repairs expense was £5,000. The net profit was

Business purchases some inventory online and pays by bank transfer. This is a

• cash purchase

• credit purchase

• cash sale

• credit sale

Business has allowed a customer to pay the amount they owe at a later date. This is a known as a

• cash purchase

• credit purchase

• cash sale

• credit sale