EMS Grade 8

Aliability BOwing Cnone DResource with economic value

A2 individuals run and own the business Bnobody owns the business C1 individual runs and owns the entire business Dthe board of directors own the business

AA company's financial debt BYour income CThe company's assests DThe company's profit

Anone BA financial gain between the money earned and the money spent CThe directors have shares DCompany losses all the money

AExpesnse BLoss CSavings DIncome

AA book with transactions BA story book CA record of all your losses DA record of financial transactions in order by date

AKeep track of the sales of items when cash is received BLevy statement CPetty Cash DReceipt of all transactions

ASplitting of assets with various owners in the business BThe money owed to the bank CThe directors profit from selling shares DThe owner's share of assets of a business

AThis is your money BNone CVarious money put into the buisness DFinancial assets owned by an individual or organistation

AMoney received from shareholders BTax received from government CThis is the money spent to run your company day to day DMoney that a business or individual receives in exchange for providing goods or a service