Back to quiz

6. What is accouting known as?

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

7. Which one of these are two internal stakeholders?

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

8. What's the accouting equation?

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

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

  • A person
  • Trade Receivables
  • Customers
  • Trade Payables

10. If I had cash and credit sales, who do I sell these to?

  • People
  • Supplier
  • Trade Receivables
  • Trade Payables