Preparatory

Preparatory

Professional Development

18 Qs

quiz-placeholder

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Preparatory

Preparatory

Assessment

Quiz

Business

Professional Development

Practice Problem

Easy

Created by

Pooja Chaudhary

Used 1+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is capital in a business?

Business profit

Owner’s investment

Bank loan

Employee salary

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Equity in accounting refers to:

Business losses

Bank balance

Owner’s claim in the business

Money owed to suppliersv

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Retained earnings are:

Cash earned and saved in a locker

Profits kept in the business

Cash invested by the owner

Income from new capital

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Dividend is:

Loan from bank

Tax paid

Profit given to shareholders

Owner’s equity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of liability is:

Inventory

Salaries due to employees

 Equipments

Land

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is not an asset?

Cash

Machinery

 Inventory

Loan taken

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Trade Payable is:

Cash in hand

Amount owed to suppliers

Money owed by customers

Owner’s investment

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