Business Studies Questions
Question 81:
Which of the following is a current asset?
- A Cash
- B Furniture and fitting
- C Goodwill
- D Land and building
- E Plant and machinery
Question 82:
The aim of the profit and loss account is to show ____________
- A Gross loss.
- B Gross profit/loss.
- C Net loss.
- D Net profit/loss.
- E Net profit.
Question 83:
The principle of recording transactions in book keeping is based on ____________
- A Assets and liabilities.
- B Buyers and sellers.
- C Creditors and debtors.
- D Givers and receivers.
- E Profit and loss.
Question 84:
Money received and paid is recorded in ____________
- A Cash book.
- B Invoice.
- C Journal.
- D Purchases day book.
- E Sales day book.
Question 85:
The following are features of an invoice except ____________
- A Cheque number of the paying customer.
- B Description of goods.
- C Name and address of the customer.
- D Reference number.
- E Terms of payment.