Other questions in this quiz

2. Why does the sales system have links with the stock control system?

  • So that they can arrange meetings to discuss the company's accounts.
  • So that items sold can be deducted from stock levels and staff have the most up to date information.
  • So they know when to buy more stock.

3. What is the Income Statement?

  • Lists the revenue, the expenditure and the net income during a particular period.
  • Summarise the organisations accounts.
  • Lists the assets, debts and owners' investment at a particular date.

4. What does EPOS stand for?

  • Electronic Point of Sale.
  • Electric Point of Sale.
  • Electronic Point of Service.

5. What does EFTPOS stand for?

  • Electronic Funds Transfer at Point of Service.
  • Electronic Funds Transfer at Point of Sale
  • Electronic Funds Travel at Point of Sale


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