Other questions in this quiz

2. What's the accouting equation?

  • Income- Expenses= Profit
  • Assets-Liabilites=Capital
  • Assets + Liabilities= Capital
  • Liabilities- Capital = Assets

3. What is accouting known as?

  • Numbers and stuff
  • The way to find out a profit
  • The language of business
  • The language of love

4. If Liability= £2560 and Assets=£9852, what does capital equal?

  • £7,292
  • £12,412
  • Capital can't be worked out like this
  • £7929

5. If I purchase something via cash or credit, who have I bought off?

  • A person
  • Trade Receivables
  • Customers
  • Trade Payables

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