Assets and debts

• Economie
• Middelbare school
• vwo
• Leerjaar 3

Assets and debts

Revenue and cost

Which information is needed to specify the assets on the left side of the balance sheet?

1. Profit and loss account
2. Investment budget
3. Financing plan
4. Equity

Which information is needed to specify the debts on the right side of the balance sheet?

1. Profit and loss account
2. Investment budget
3. Financing plan
4. Equity

Abdullah's kitchen appliances belongs to:

1. Building
2. Inventory
3. Goods
4. Liquid assets

PIN machine belongs to

1. Building
2. Inventory
3. Goods
4. Liquid assets

Meat in Abdullah's fridge
belongs to

1. Building
2. Inventory
3. Goods
4. Liquid assets

Abdullah's fridge
belongs to

1. Building
2. Inventory
3. Goods
4. Liquid assets

The money in the cash register at Sleepworld
belongs to

1. Building
2. Inventory
3. Goods
4. Liquid assets

Abdullah's tables and chairs
belongs to

1. Building
2. Inventory
3. Goods
4. Liquid assets

Buns are delivered to Abdullah along with a bill. Abdullah has to pay € 600 within a month. This debt belongs to:

1. Goods
2. Debtors
3. Creditors
4. Bank loan

Abdullah delivers 5 meals to a shop nearby. The owner of the shop receives a bill of € 48. This is an example of

1. Goods
2. Debtor
3. Creditor
4. Bank loan

The comsumer price of a kebab sandwich is € 2.42 including VAT 21 %
Calculate the price excluding VAT

The consumer price of a kebab sandwich is € 2.42 including VAT  of 21 %

Calculate the price excluding VAT

Price excluding VAT                    € ............        100 %

VAT 21 %                                            €............. +    21 %   +

Price including VAT                     €   2.42        121 %

€ 2.42/121 X 100 = € 2

X wrong X --> 0.21 X € 2.42 = € 0.51 --> € 2.42 - € 0.51 = € 1.91

Homework

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