EMS Grade 8 Question Preview (ID: 42563)

a) Resource with economic value

b) Owing

c) liability

d) none

a) 2 individuals run and own the business

b) nobody owns the business

c) the board of directors own the business

d) 1 individual runs and owns the entire business

a) Your income

b) A company's financial debt

c) The company's profit

d) The company's assests

a) Company losses all the money

b) The directors have shares

c) A financial gain between the money earned and the money spent

d) none

a) Income

b) Savings

c) Expesnse

d) Loss

a) A story book

b) A record of financial transactions in order by date

c) A book with transactions

d) A record of all your losses

a) Keep track of the sales of items when cash is received

b) Petty Cash

c) Levy statement

d) Receipt of all transactions

a) The money owed to the bank

b) Splitting of assets with various owners in the business

c) The owner's share of assets of a business

d) The directors profit from selling shares

a) This is your money

b) Various money put into the buisness

c) Financial assets owned by an individual or organistation

d) None

a) This is the money spent to run your company day to day

b) Money that a business or individual receives in exchange for providing goods or a service

c) Money received from shareholders

d) Tax received from government