Other questions in this quiz

2. What is a Liability?

  • An employee that is bad at their job
  • Items owed by a business
  • Someone interested in the business
  • Items owned by a business

3. What is the amount of the owner's stake in a business called?

  • Capital
  • Drawings
  • Turnover
  • Dividends

4. What is "financial records, where business transactions are entered" the definition of?

  • Ledger
  • Source Document
  • Accounts
  • Subsidiary Book

5. What is "the set of accounts of a business" the definition of?

  • Subsidiary Book
  • Ledger
  • Source Document
  • Account

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