Financial Transactions and Adjustments

Financial Transactions and Adjustments

Assessment

Flashcard

Business

11th Grade

Hard

Created by

Aysha Patel

FREE Resource

Student preview

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12 questions

Show all answers

1.

FLASHCARD QUESTION

Front

A local company places a large order worth £2,000.

Back

Add £2,000 to this month’s sales.

2.

FLASHCARD QUESTION

Front

Your product goes viral on TikTok and sales increase by 20% this month.

Back

Increase inflows by 20%.

3.

FLASHCARD QUESTION

Front

The government awards you a £1,000 start-up grant.

Back

Add £1,000 to this month.

4.

FLASHCARD QUESTION

Front

One of your regular customers pays their invoice two weeks early.

Back

Bring forward £500 income to this month.

5.

FLASHCARD QUESTION

Front

Your delivery van breaks down – repairs cost £800.

Back

Add £800 to this month’s expenses.

6.

FLASHCARD QUESTION

Front

You must hire temporary staff for £600.

Back

Add £600 to this month’s costs.

7.

FLASHCARD QUESTION

Front

A new competitor opens nearby. Sales drop 15% this month.

Back

Reduce sales by 15%.

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