Multiple choice questions, Tick the correct answer. (5) i. Stock is? ? The quantity of goods at the end of the year ? The total value of all the goods purchased during the year ? Items purchased to sell at a profit ? The value of goods left over at the end of the year ? Fixed assets acquired during the year ii. Which of the following is not an asset? ? Creditors ? Fixed assets ? Cash ? Debtors ? Petty cash iii. Capital is? ? The total amount of cash in the business ? The amount the bank has invested in the business ? Total of the fixed assets and current assets ? The total amount the owner has invested in the business ? The total amount owed by the business to the ban

Multiple choice questions, Tick the correct answer. (5) i. Stock is? ? The quantity of goods at the end of the year ? The total value of all the goods purchased during the year ? Items purchased to sell at a profit ? The value of goods left over at the end of the year ? Fixed assets acquired during the year ii. Which of the following is not an asset? ? Creditors ? Fixed assets ? Cash ? Debtors ? Petty cash iii. Capital is? ? The total amount of cash in the business ? The amount the bank has invested in the business ? Total of the fixed assets and current assets ? The total amount the owner has invested in the business ? The total amount owed by the business to the ban

iv. Interest paid to a bank is an example of? ? Income ? Liabilities ? Expenses ? Drawings ? Fixed assets v. Debtors are? ? The owner ? The bank ? Suppliers ? Employees ? Customers