Which One of the Following Transactions Decreases a Business's Working

question 17

Multiple Choice

Which one of the following transactions decreases a business's working capital?

• A) A fixed asset is sold for cash.
• B) A creditor is paid an amount due of £3000.
• C) The owner draws £1000 for personal use
• D) A loss is made for the year

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Definitions:

Choanoflagellates

A group of free-living unicellular and colonial flagellate eukaryotes considered to be the closest living relatives of the animals.

Collar Cells

Also known as choanocytes, are flagellated cells that line the interior of asconoid sponges and are used for feeding by generating water flow and filtering food particles.

Amebocytes

Cells found in the bloodstream of invertebrates that move like amoebas, involved in various functions including distributing nutrients and forming immune responses.

Attachment

The emotional bond that develops between a child and a caregiver, influencing personal development.