A person the business owes money to:

EMS Grade 7

Quiz
•
Business
•
7th Grade
•
Medium
Lauren Seaman
Used 109+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Debtor
Creditor
bank
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Stationery is an example of an asset
False
True
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
These are examples of current liabilities
Creditors, short term loans and debtors
Creditors, short term loans and bank overdraft
Creditors, bank overdraft and Debtors
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the owner gives money to start a business it is called
Drawings
Sales
Current income
Capital
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The owner can take trading stock or money for his own personal use.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Choose the odd one out:
Trading stock
Debtors
Bank
Land and buildings
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is an example of a private service?
Milan's hair salon
Government hospital
Traffic department
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