Double Entry and Trial Balance Quiz
Authored by Evendor Babwah
Business
11th Grade
Used 110+ times
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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an asset?
Stock for resale
Family borrowings
Creditors
Net profit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a liability?
People that owe you
People that you owe
Cash
Bank
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Capital is defined as
Money from friends and family
Cash
Stock
Any resource invested into the business by the owner
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Choose which of the following are examples of expenses
Rent due
Electricity due
Insurance already paid for
Wages
5.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
When a customer brings back goods to your business its classed as what?
(a)
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which are examples of revenue?
Money earned from rent
Money gained from discounts
Sale of an asset
Bills paid
7.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
When you return goods to your supplier its classed as
(a)
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