Accounting-04 Roehampton

An asset that is held by an enterprise for use in the production or supply of goods or services, for rental to others. Examples are equipment, vehicles, land and buildings. Fixed asset. Cash. Loans.

Is not affected by changes in the level of output over a defined period of time. Fixed cost. Variable cost. Property.

Sales minus cost of sales before deducting administration and selling expenses. Both are applicable. Gross profit. Gross margin.

Copyright, intellectual property, trademark or Goodwill are examples of. Intangible fixed asset. Intangible variable asset. Tangible variable asset.

Items, goods, merchandise, and materials held by a business for selling in the market. Inventory. Margin. Statement.

Digital ledger than keeps a record of financial transactions eliminating middlemen. Blockchain. Computer. Software.

Accounting profit is: Excess of business income over the business expenses. Excess of accounting management over the business period. Excess of gross margin over the accounting profit.

Medium of exchange, store of value, unit of account, and legal tender. Money. Accounting. Blockchain.

Feedback Control. Feedforward Control. Budgetary Control.

Feedforward Control. Feedback Control. Budgetary Control.

Using a Break-Even Analysis, you can answer this question. What are the profits and losses at the end?. At what minimum sales level do you avoid making a loss?. Do your sales will allow you to continue?.

Level of activity at which there is no profit and no loss, so the value of sales revenue = total costs (fixed + variable). Break-even point. Profit & Loss balance. Fixed and variable cost balance.

Recording, Classifying, Summarising and preparing financial reports can be. Nature and Roles of Accounting. Tasks of a Manager. Blockchain Technology tasks.

_________ is a means while ________ control is the end-result. Budget, Budgetary. Budgetary, Budget. Budget, Expenses.

Match the concepts. Sole trader. Partnership. Private Limited Company. Public Limited Company. Cooperative. State Owned Company.