EMS Grade 7

EMS Grade 7

7th Grade

20 Qs

quiz-placeholder

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EMS Grade 7

EMS Grade 7

Assessment

Quiz

Business

7th Grade

Medium

Created by

Lauren Seaman

Used 109+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person the business owes money to:

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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