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WorksheetsFinancial Function
Total questions: 10
Worksheet time: 6mins
An example of Fixed capital is...
Money in bank
Stock in the store
Vehicles
Money in petty cash
Which one of the following is NOT a task of the Financial Manager(CFO)
Interpret financial statements
Controlling of budgets
Recruitment of staff
Planning of capital requirements
Debtors are people or businesses that owe us money.True or false?
True
False
Outstanding debtors’ accounts are sold to a bank when it needs short-term capital is called...
Factoring of Debtors
Overdraft
Loans on the security of warehouse receipts
Instalment sale transactions
The business pays monthly installments for the use of an asset, but ownership is never transferred to the business.This is known as...
Factoring of debtors
Installment sale transactions
Lease accounts
Bills of exchange
This is a facility given to the business/entrepreneur by a commercial bank.
Overdraft
Factoring of debt
Bills of exchange
Short Term Loan
A method used to buy high value capital goods. The seller can repossess the goods if payment is not made.
Trade credit
Overdraft
Lease accounts
Installment sales
Money that owner put into the business is known as ...
Borrowed capital
Own capital
Suppliers capital
Owners interest
Sales - cost of sales=
Gross profit
Net profit
When a business has enough cash to cover its expenses. This is called ...
Credit
Solidity
Liquidity
Cash flow
