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Grade 7 EMS Financial literacy Flashcards | StudBud

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List the 3 different types of

The main difference between assets and expenses

Grade 7 EMS Financial literacy

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1
The main difference between assets and expenses
Expenses are all the business saving
Asset is what the business owns example land, building, vehicles.
2
List the 3 different types of
Land, Vehicles, Buildings
Resources, stocks, human resources
3
Examples of business liabilities
Goods, services, Rent
Land, building, equipment
4
Define the term liability
Liabilities are what a business owes
Liabilities is the income that business receives
5
List 3 ways you can invest money
Bonds, cash equivalents,
Bank interests(compound),stocks, Real estate