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TX2 Flashcards | StudBud

TX2

10 terms·StudBud Administration·33 plays

A business test

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Questions 10

Answers

1
What is revenue income
The money received by the business on sales of its goods
←Not that
2
Which one is not a purpose of accounting?
Control
Liquefaction
Compliance
Management of the business
3
Which one is an external source of finance
Owners capitol
Venture Capital
4
Hire purchase is a type of borrowing
True
False
5
Is the Money advice service free
yEs
No
6
Is there a limit on the amount of retained profit available?
Yes
No
7
OFT stands for
Office of fair trading
Office of fair treading
Obama is gone
8
The FCA stands for
English defence league
Financial customer authority
Financial consumer authority
Financial conduct authority
9
Are debt counsellors free
Yes
No
10
IFA stands for
None of the above
Brexit
Individual financial adviser
Independent financial adviser