John,who Has Council Approval to Carry Out Renovations on His

question 8

Multiple Choice

John,who has council approval to carry out renovations on his house,can only work from 10 pm to 2 am.His neighbours are asking for a court order to stop John carrying out the renovation works at that time.What order are they seeking?

• A)Specific performance.
• B)An order for rectification.
• C)An injunction.
• D)Quantum meruit.

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Definitions:

Revenue and Expense Accounts

Accounts used in accounting to track the income generated and expenses incurred by a business, integral to determining net profit or loss.

Income Summary

An account in accounting used to gather all revenue and expenses for a period to calculate net income (or loss).

Owner's Drawings

The amount of cash or other assets withdrawn by the owner from the business for the owner's personal use.

Net Income

The amount of profit earned by a business after all expenses and taxes have been subtracted from total revenue.