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

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

4. Which one of these are two internal stakeholders?

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

5. Which 3 of these are external stakeholders?

  • Suppliers, Employees and Customers
  • Onwers, Managers and Co-manager

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