WorksheetsBusiness
Total questions: 27
Worksheet time: 15mins
What is growth
Getting taller
Getting bigger
Growing and expanding
The process of increasing in size
What is Risk Management
Not getting hurt
Thinking
Identfying and assessing and controlling threats to a business
process of identifying, assessing, and controlling threats to an organization's capital and earnings
What are advantages of overdrafts.
Being able to go to the movies
Watching f1 and sweaty lewis Mercedes boy
Handles Timing and mismatch flow of funds
helps in keeping a good track record
Cash Inflows
Sales
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Wages
Bank Repayment
Bank loan
Cash outflows
Bank repayment
Sales
Savings
Wages
Purchasing of goods
Distinguish between Cash and Profit in a business
Profits is the money the business has already, for example a bank loan, cash is when your inflowes outweigh your outflows
Cash is money the business has already, for example a bank loan, profit is when your inflows outweigh your outflows
Cash is money the business has already, for example a bank loan, profit is when your outflows outweigh your inflows
Help
Owner’s Equity
MAX MAX MAX SUPER MAX
a company's book value, which is the sum between liabilities and assets on the balance sheet
a company's book value, which is the difference between liabilities and assets on the balance sheet
a company's book value, which is the love between liabilities and assets on the balance sheet
Assets
A not useful person
Something of value that has no value
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a useful or valuable thing or person
Liabilities
the state of being legally not responsible for something.
the state of being legally responsible for something that is out of your control
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the state of being legally responsible for something
Expenses
Hate
a useful or valuable thing or person
the state of being legally responsible for something
the cost incurred in or required for something
Revenues
income, especially when of an organization and of a substantial nature
a useful or valuable thing or person
a company's book value, which is the difference between liabilities and assets on the balance sheet
the cost incurred in or required for something
Write the accounting equation
(a)
Capital
OE
A
L
E
R
Bank loan
OE
A
L
E
R
Accounts Receivable
OE
A
L
E
R
Wages
OE
A
L
E
R
Sales
OE
A
L
E
R
Accounts Payable
OE
A
L
E
R
Cash at bank
OE
A
L
E
R
Drawings
OE
A
L
E
R
Equipment
OE
A
L
E
R
Inventories
OE
A
L
E
R
Asset
Debit
Credit
Liability
Debit
Credit
Owner's Equity
Debit
Credit
Revenue
Debit
Credit
Expense
Debit
Credit
