The Following Amounts Have Been Paid Out of the Business

question 9

Multiple Choice

The following amounts have been paid out of the business bank account. Purchase of van £9 000, petrol and car expenses £1 800, wages £7 000, £11 000 paid in by the owner, money taken out by the owner £2 000, money from sales £15 000, utility bills £1 200, rent of premises £5 000, purchases of goods resold £6 000. In addition the owner withdrew £1 500 in goods that the business had purchased during the period.
- what should be recorded as the change in the bank balance over the period?

• A) £6000
• B) -£6000
• C) -£4500
• D) £ 4500
• E) None of the above

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Definitions:

Social Identification

The process by which individuals associate themselves with specific groups, adopting the group's characteristics to form their identity.

Role Model

An individual whose behavior, example, or success is or can be emulated by others, especially by younger people.

Slogans

Catchy phrases or statements used to express ideas, goals, or advertising messages.

Emotional Contagion

The phenomenon where people absorb and reflect the emotions of those around them, often unconsciously.