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Business

7th -

10thgrade

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Accounting Definitions

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15 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt

    Money or other assets provided by the owner/s to start a business is:

    Loans

    Income

    Assets

    Capital

  • 2. Multiple Choice
    30 seconds
    1 pt

    Money or items taken from the business by the owner for personal or family use is:

    Capital

    Drawings

    Wages

    Salaries

  • 3. Multiple Choice
    30 seconds
    1 pt

    Which of the following is not Owner’s Equity?

    Capital

    Land and Buildings

    Drawings

    Profit

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