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Business, Other

8th

grade

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Gr 8 Accounting Revision Quiz

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25 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt

    Which one of the following accounts will be classified a current asset?

    Equipment

    Bank overdraft

    Stationery

    Petty cash

  • 2. Multiple Choice
    30 seconds
    1 pt

    A business had expenses of R20 000 and income of R45 000. The business made a ....

    Profit of R25 000

    Loss of R25 000

    Profit of R45 000

    Loss of R20 000

  • 3. Multiple Choice
    30 seconds
    1 pt

    The business has assets valued at R200 000 and liabilities of R150 000. Owner's equity equals...

    R350 000

    R50 000

    R150 000

    R200 000

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