YEAR 3 REVIISON

YEAR 3 REVIISON

University

35 Qs

quiz-placeholder

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YEAR 3 REVIISON

YEAR 3 REVIISON

Assessment

Quiz

Financial Education

University

Hard

Created by

Tatiana Bolshakova

Used 1+ times

FREE Resource

35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A record of a business's financial transactions is ...

petty cash

a fund ledger

a line graph

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

_____ ____ is reserved for small, office-related expenditures.

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A __________ loan — also called a secured loan — is backed by something you own.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Short- and long-term debt, acconuts payable and salaries are...

assets

liabilities

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things of value not easily converted to cash are...

fixed assets

intangibles

liabilities

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

A document showing a company's finances (assets and liabilities) is called...

Statement of Financial Position

Balance Sheet

Cashflow Statement

Income Statement

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum) is called ...

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