Sole Trader Business Profit and Capital Quiz
4 Questions
2 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

How does Joe's capital change when his sole trader business earns a profit of £3?

  • It does not change (correct)
  • It increases by £3
  • It increases by a different amount
  • It decreases by £3

    • What happens to Joe's capital when his sole trader business earns a profit of £11,110?

  • It does not change
  • It decreases by £11,110
  • It increases by a different amount
  • It increases by £11,110 (correct)

    • If Joe's sole trader business earns a profit of £900, what happens to his capital?

  • It decreases by £900 (correct)
  • It does not change
  • It increases by £900
  • It increases by a different amount

    • Which scenario would lead to Joe's capital not changing?

    <p>Earning a profit of £3</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser