Business study Jss 3 1 / 10 The purpose of preparing profit and loss account is to ascertain the ______ of the business? Net profit or net loss Net profit/ gross profit Net income 2 / 10 Drawing is ______ in the trail balance Credited Debited Deducted 3 / 10 _______ is a legal contract that protect people from the financial cost that results from loss or damages? Assurance Protection Insurance 4 / 10 The rewards for Capita is? Salary Profit Interest 5 / 10 All expenses are _____ in the trail balance? Added Debited Credited 6 / 10 The amount a business owes the ownership is called? Capital Assets Liabilities 7 / 10 Which of the following is posted to trading account? Rent Carriage inward Discount recieved 8 / 10 _____ transformed raw materials into finished it semi finished goods products? Retailer Consumer Producer 9 / 10 The arrangements of need in order of important is known as? Scale of preference Personal finance Choice 10 / 10 Government prepare budget? Yearly Quarterly Monthly Your score isThe average score is 0% 0%
Business study Jss 3
1 / 10
The purpose of preparing profit and loss account is to ascertain the ______ of the business?
2 / 10
Drawing is ______ in the trail balance
3 / 10
_______ is a legal contract that protect people from the financial cost that results from loss or damages?
4 / 10
The rewards for Capita is?
5 / 10
All expenses are _____ in the trail balance?
6 / 10
The amount a business owes the ownership is called?
7 / 10
Which of the following is posted to trading account?
8 / 10
_____ transformed raw materials into finished it semi finished goods products?
9 / 10
The arrangements of need in order of important is known as?
10 / 10
Government prepare budget?
Your score is
The average score is 0%