stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
BTEC National Unit 3 Learning Aim C Flashcards | StudBud
Explore
/
BTEC National Unit 3 Learning Aim C
BTEC National Unit 3 Learning Aim C
10 terms
·
StudBud Administration
·
268 plays
Review
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
Accounting involves the recording of.....
financial status.
financial management.
financial statements.
financial transactions.
2
Capital income is the money invested by the owners or other investors to...
set up accounting for the business.
set up financial management for the business.
set up current assets.
set up a business or buy additional equipment.
3
Salaries, wages, marketing, administration and interest paid are all types of....
revenue income.
capital income.
capital expenditure.
revenue expenditure.
4
Fraud is when company monies are used inappropriately or acquired by the wrong person for....
personal training.
personal ability.
personal gain.
personal belief.
5
Net profit is....
gross profit minus all other expenses.
sales minus cost of goods sold.
cost of goods sold minus sales.
all other expenses minus gross profit.
6
Rent received, commission received, discounts received and interest received are all types of..
revenue income.
capital expenditure.
revenue expenditure.
capital income.
7
Which of the following is not a type of revenue expenditure?
Lighting and heating
Rent received
Rent
Depreciation
8
Capital expenditure is divided into non-current assets and .....
premises
current assets
fixed assets
intangibles
9
Which of the following is not a type of capital income?
Owner's capital
Loans
Debentures
Sales
10
Trade receivables are....and trade payables are...
money owed by the business....money owed to the business.
money owed to the business....money owed by the business.
