Business Transactions and Capital
3 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following best describes a business transaction?

  • The amount due to the creditors of a business that has to be paid back within twelve months
  • The assets that a firm can liquidate within twelve months
  • A withdrawal made by the owners of a business for personal use
  • An exchange of goods, services, or money between two or more parties (correct)

    • What is capital in a business?

  • A critical component of any business to run its daily operations and help its future growth (correct)
  • An exchange of goods, services, or money between two or more parties
  • The amount due to the creditors of a business that has to be paid back within twelve months
  • A withdrawal made by the owners of a business for personal use

    • What are drawings in the context of a business?

  • The amount due to the creditors of a business that has to be paid back within twelve months
  • An exchange of goods, services, or money between two or more parties
  • The assets that a firm can liquidate within twelve months
  • Withdrawals made by the owners of a business for personal use (correct)

    • More Like This

    Les opérations de restructuration : la fusion absorption
    29 questions

    Les opérations de restructuration : la fusion absorption

    OrganizedHibiscus avatar
    OrganizedHibiscus
    Business Transactions Quiz
    40 questions

    Business Transactions Quiz

    PromisingEveningPrimrose avatar
    PromisingEveningPrimrose
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser