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WorksheetsAccounting Fundamentals
Total questions: 10
Worksheet time: 8mins
Current (a) must be paid back within a year.
Which of the following is the odd one out?
Property
Machinery
Inventory
Vehicle
When the owner invests in a business this is known as (a) .
Equity is a current liability.
True
False
Which of the following is a liability?
Rent
Property
Bank Loan
Sales
Being late to Higher Accounting means
Being disrespectful to the class
Being disrespectful to the subject
Being disrespectful to Mr W
Being disrespectful to yourself
All of the above/side to
If a sum owed to another person or business is to be paid back over more than a year it is called a (a) -current liability.
Which of the following is the odd one out?
When a business receives Income it can be classified as a (a) .
(a) is the main source of income for all businesses.
