1) The business would keep this in a warehouse. a) Quantity b) Income Statement c) Sales d) Inventory 2) Another word for number. a) Income Statement b) Value Added Tax c) Quantity d) Purchases 3) This would be on a purchase order form so that the supplier knows where to send the products to. a) Value Added Tax b) Address c) Sales d) Purchases 4) Products the business buys a) Purchases b) Opening Inventory c) Address d) Discount 5) Products the business sells a) Sales b) Address c) Delivery Fee d) Purchases 6) Shows whether the business has made a profit or a loss a) Value Added Tax b) Inventory c) Income Statement d) Quantity 7) Inventory at the start of the year a) Opening Inventory b) Income Statement c) Address d) Quantity 8) VAT a) Quantity b) Value Added Tax c) Address d) Inventory 9) This cost is added on for transportation of inventory from the supplier a) Discount b) Delivery Fee c) Quantity d) Address 10) This would be removed from the total cost a) Income Statement b) Discount c) Delivery Fee d) Purchases

S2 Accounting

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