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13 questions from this quiz
Total income - Total expenditure
Fixed, irregular, discretionary
Compound builds on itself; simple doesn't
Claim payment when underinsured
(Total sales ÷ 100) × Commission rate
Gross pay minus all deductions
Markup uses cost price; margin uses selling price
Opening stock + Purchases - Closing stock
Sales revenue - Cost of sales
Straight line depreciation
Current assets - Current liabilities
It's not easy to convert to cash quickly
(Current cost - Previous cost) × 100
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