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WorksheetsComponent 3 Assessment B revision
Total questions: 18
Worksheet time: 9mins
Which of the below is filled in by a business to order some goods from another business?
Invoice
Delivery note
Purchase order
Receipt
Credit note
Which of the below is received when goods are delivered?
Invoice
Delivery note
Purchase order
Receipt
Credit note
Which of the below is received when goods are returned back to the supplier?
Invoice
Delivery note
Purchase order
Receipt
Credit note
Which of the below is received when your supplier requires you to pay for goods?
Invoice
Delivery note
Purchase order
Receipt
Credit note
Which of the below is received once you have paid for goods?
Invoice
Delivery note
Purchase order
Receipt
Credit note
Which of the below represents the businesses profit after all costs have been subtracted?
Sales (turnover)
Cost of sales
Gross profit
Expenses
Net profit
Which of the below represents the money coming in from selling goods and services?
Sales (turnover)
Cost of sales
Gross profit
Expenses
Net profit
Which of the below represents the money spent on products and materials?
Sales (turnover)
Cost of sales
Gross profit
Expenses
Net profit
Which of the below represents the money spent other costs such as bills, insurance and salaries?
Sales (turnover)
Cost of sales
Gross profit
Expenses
Net profit
Which of the below represents the money left after cost of sales are subtracted from the sales?
Sales (turnover)
Cost of sales
Gross profit
Expenses
Net profit
A building would be a...
Fixed asset
Current asset
Current liability
Long term liability
You need to pay a creditor, this would be a...
Fixed asset
Current asset
Current liability
Long term liability
You have a mortgage for your premises, this would be a...
Fixed asset
Current asset
Current liability
Long term liability
The stock in your business would be a...
Fixed asset
Current asset
Current liability
Long term liability
What ratio is this?
(net profit/sales) x 100
Gross profit margin
Net profit margin
Current ratio
Liquid capital ratio
What ratio is this?
(Current assets - stock) / Current liabilities
Gross profit margin
Net profit margin
Current ratio
Liquid capital ratio
What ratio is this?
(gross profit/sales) x 100
Gross profit margin
Net profit margin
Current ratio
Liquid capital ratio
What ratio is this?
Current assets / Current liabilities
Gross profit margin
Net profit margin
Current ratio
Liquid capital ratio
