1. All economics costs that a business incur through its operation to earn revenues?

A) Assets
B) Drawing
C) Expense
D) Revenue



2. Which of the following is an expense?

A) Purchasing operating equipment
B) Purchasing cleaning service
C) Purchasing an investment of another company
D) Purchasing a computer for the accounting



3. Which of the following is an example of an intangible asset?

A) Copyrights
B) Good will
C) Patents
D) All of the Above



4. Which of the following would not be regarded as an asset?

A) A piece of equipment owned by a business
B) A sum of money owed to the business
C) An inventory of goods that have yet to be sold
D) Leasehold premises



5. All of following are Expenses except?

A) Wages
B) Rent Payable
C) Salaries
D) Carriage