Business Finance Quiz May 2023
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Questions and Answers

What amount was the owner started with in cash and bank at the beginning of May?

  • £2,200 in cash and £800 in the bank
  • £1,400 in cash and £290 in the bank
  • £800 in cash and £2,200 in the bank (correct)
  • £10,000 in cash
  • How much was paid in cash for rent during May?

  • £360
  • £200 (correct)
  • £180 (correct)
  • £25
  • What was the total amount of goods purchased on credit?

  • £1,500
  • £2,972
  • £2,038 (correct)
  • £1,529
  • What was the cash amount withdrawn by the proprietor for personal use?

    <p>£80</p> Signup and view all the answers

    What amount was received from selling goods for cash?

    <p>£1,400</p> Signup and view all the answers

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