Accounting and Finance Society Quiz
Horse Trading Challenge
Test your accounting and finance knowledge with our quiz! This engaging challenge consists of carefully crafted questions designed to enhance your understanding of basic financial concepts.
- Real-life scenarios
- Multiple-choice questions
- Feedback section for improvement
A man buys a horse for £60. He sells the horse for £70. He then buys the horse back for £80. And he sells the horse again for £90. In the end, how much money did the man make or lose? Or did he break even?
Would income be debited or credited
Debited
Credited
How do you calculate profit ?
Cost - Sales
Sales - Cost
Sales - Expenses
Sales - Income
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