Business

8th -

9thgrade

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Year 8 Term 2 revision commerce 8-01

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  • 1. Multiple Choice
    30 seconds
    1 pt

    Q1. A business transaction is a:

    Event that can be expressed using monetary terms.

    Resource with monetary value.

    Debts owned by the business to a person.

    Credited resources to a bank account.

  • 2. Multiple Choice
    30 seconds
    1 pt

    Q2. An asset is:

    A resource owned by the business and holds monetary value.

    Debts owned by the business to a person.

    Creditors of a business.

    Something expressed in terms of loss.

  • 3. Multiple Choice
    30 seconds
    1 pt

    Q3. The records in a book of a business come under which correct categories?

    Revenue

    Owner's equity

    Deferred payment

    Expenses

    Insurance

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