Skip to content
Back to quiz
6. Which of the following are an internal source of funds for a business?
- Retained profit
- Mortgage
- Bank overdraft
7. Which of the following best describes the margin of safety?
- Revenue equals expenditure
- Actual sales plus break even units
- Revenue plus expenditure
- Actual sales minus break even units
8. Describe the purpose of a statement of financial position (balance sheet)
- To show the financial position of a business at a point in time
- To show what a business owns
- To predict the financial position of the business
9. What is the formula for working capital?
- Current assets/ current liabilites
- Current liabilites/Current assets
- Current assets – current liabilites
- Current assets + current liabilites
10. Which of these are types of assets which would appear on the balance sheet?
- Machine
- Sales
- Advertising