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Short Question for Basic Accounting Terms

               Question 1

               Define basic accounting terms.
               Question 2

               Give three examples of revenues.
               Question 3
               Distinguish between profit and gain

               Question 4
               Distinguish between fixed assets and current assets

               Question 5
               Distinguish between revenue expenditure and capital expenditure

               Question 6
               Distinguish between expense and expenditure

               Question 7
               Distinguish between expenses and losses.

               Question 8
               Give two characteristics of a business transaction.


               Very Short Question for Basic Accounting Terms

               Question 1
               What is Capital?

               Question 2
               What are Drawings?

               Question 3
               What are Liabilities?
               Question 4

               What are Assets?
               Question 5

               What are the Current Assets?
               Question 6

               Give two examples of current assets.
               Question 7

               Give two examples of tangible assets.
               Question 8

               Give two examples of intangible assets.
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