Business Economic Activity Quiz
5 Questions
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3.6 Stars

Business Economic Activity Quiz

Test your knowledge of business economic activity with this quiz covering topics such as goods production, profit calculation, financial decision making, and accounting processes. Sharpen your understanding of recording and classifying financial transactions, and enhance your ability to communicate financial information to users.

Created by
@StylizedRhodonite

Questions and Answers

Business Economic Activity - In goods which with objective an produce are to earn or purchased profit for sall. Accounting MId Nasa Why . whom . -> - calculate To communicate to Users - Profit To its who their users uses Loss or financial. information. financial decision madot information making. for process Accounting t - ↓ classification Recording ↓. Purchase Book 2 2 4 S 6. Sales Return Book 100 Cash Book Journal General Journal Proper DV ↳ 80 20 Cr Ba C 100 of Expenses & cr 80 100 statement CB> >credit)j > - I SB 13 > PRB >B Return Return CB > > SRB B Return) cash)(B) credit. -Return > >Cash >Purchase Assets Credit use (B cash Return > J CB J General Journal Journal 1 capital L. / B'ness entity - x antity concept independant from * * * each Both have different Both While have different doing ______ & an Capital owners other & Business. · , our on role is accountant , we ______ are both. legal entity identity not the owner is shown concept , accounting transactions from * Par

business

Process Accounting t - ↓ classification Recording ↓. Purchase Book 2 2 4 S 6. Sales Return Book 100 Cash Book Journal General Journal Proper DV ↳ 80 20 Cr Ba C 100 of Expenses & cr 80 100 statement CB> >credit)j > - I SB 13 > PRB >B Return Return CB > > SRB B Return) cash)(B) credit. -Return > >Cash >Purchase Assets Credit use (B cash Return > J CB J General Journal Journal 1 capital L. / B'ness entity - x antity concept independant from * * * each Both have different Both While have different doing business & an Capital owners other & Business. · , our on role is accountant , we business are both. legal entity identity not the owner is shown concept , accounting ______s from *

transaction

Doing business & an Capital owners other & Business. · , our on role is accountant , we business are both. legal entity identity not the owner is shown concept , ______ transactions from *

accounting

Par

<p>entity</p> Signup and view all the answers

Each Both have different Both While have different doing business & an Capital ______ other & Business. · , our on role is accountant , we business are both. legal entity identity not the owner is shown concept , accounting transactions from *

<p>owners</p> Signup and view all the answers

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