Other questions in this quiz

2. State a purpose of accouting (do 2 more if you can)

  • To employ more people to make the business bigger
  • To add numbers
  • To asses a business
  • To make money

3. What are the two basic accounting concepts which apply to all business accounts?

  • Time and patience
  • Business entity and Money measurement
  • Profit and loss
  • Purchase and Sales

4. Which one of these are two internal stakeholders?

  • Owner and manager
  • Bank and goverment
  • Parents of the owner's business

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

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

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