Medical Aid is an example of?

Accounting Term 1

Quiz
•
Business
•
8th Grade
•
Medium
Tristan Wiggill
Used 4+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Service
Spending
Product
Receiving
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a long-term liability?
Vehicle purchase
Creditors Control
Mortgage Loan
Fixed Deposit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not an expense?
Water & electricity
Salaries
Donations
Equipment
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business owns assets to the value of R550 000 and has liabilities of R95 000. What is the Owner's Equity of the business?
R455 000
R645 000
R550 0000
R645 500
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Received a cheque from Mr McCartney for R 2 700 for the rent of a part of the offices for March. Select the correct debit and credit:
Debit: Rent expense
Credit: Bank
Debit: Bank
Credit: Rent Income
Debit: Rent Income
Credit: Bank
Debit: Bank
Credit: Rent expense
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The owner and the business are seen to be separate.
Profit/loss
Owner's Equity
Entity Rule
Capital contribution
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
These can be converted to cash easily and quickly
Debtors Control
Financial Assets
Current Assets
Fixed Assets
Create a free account and access millions of resources
Similar Resources on Quizizz
11 questions
Banking Vocabulary

Quiz
•
6th - 8th Grade
13 questions
Receivable Financing

Quiz
•
KG - University
10 questions
6.03 Depreciation Quiz

Quiz
•
8th - 12th Grade
10 questions
Accounts in Accounting

Quiz
•
8th Grade
13 questions
Component 3 - Financial Records Topic 2

Quiz
•
1st - 12th Grade
14 questions
Principles of Accounts

Quiz
•
8th Grade
10 questions
Cashflow

Quiz
•
2nd - 11th Grade
10 questions
Cashbook Balancing

Quiz
•
8th - 12th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
Discover more resources for Business
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
6 questions
Earth's energy budget and the greenhouse effect

Lesson
•
6th - 8th Grade
15 questions
SMART Goals

Quiz
•
8th - 12th Grade
20 questions
Lesson: Slope and Y-intercept from a graph

Quiz
•
8th Grade