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 asses a business
  • To make money
  • To add numbers

3. What is accouting known as?

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

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

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

5. What's the accouting equation?

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

Comments

No comments have yet been made

Similar Accounting resources:

See all Accounting resources »See all Unit 1 Chapter 1 resources »