Accounting and Finance Society Quiz

A creative illustration of a man trading a horse, set in a market with financial symbols like currency notes, coins, and calculators in a vibrant and engaging style.

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

4 Questions1 MinutesCreated by TradingHorse101

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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