HSC Business Studies Finance Exam 2025 ACTUAL EXAM COMPLETE 70 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
1. accounts the money a business owes to its suppliers and
payable service providers. Also known as creditors or trade
creditors
2. accounts
receiv- able a current asset that represents money owed to the
busi- ness in short term. Money is owed to the
business by customers who are yet to pay for
products they have already received. Also known as
3. accounts debtors.
receiv- able
turnover ra- tio ratio measures how long, on average, account
customers take to pay the invoices sent to them by
the business. It indicates how promptly customers
who have been given credit, take to pay for
products they have bought.
4. amortisation depreciation of intangible assets over time. Also
= repay- ment of debt by a series of instalments
5. audit an independent check of the financial records of
a busi- ness by a certified accountant. Can also
be performed internally by managers
6. balance Sheet snapshot on a particular day (usually last day of
the finan- cial year) that shows the assets,
liabilities and equity of the business. Gives an
indication of the financial stability of a business.
A=L+E
To get this or any other Exam contact ()
,HSC Business Studies Finance Exam 2025 ACTUAL EXAM COMPLETE 70 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
7. benchmarking process of measuring performance against
established standards, such as a comparison of a
firm's performance against standards set by
competitors in same industry in domestic market
To get this or any other Exam contact ()
DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
1. accounts the money a business owes to its suppliers and
payable service providers. Also known as creditors or trade
creditors
2. accounts
receiv- able a current asset that represents money owed to the
busi- ness in short term. Money is owed to the
business by customers who are yet to pay for
products they have already received. Also known as
3. accounts debtors.
receiv- able
turnover ra- tio ratio measures how long, on average, account
customers take to pay the invoices sent to them by
the business. It indicates how promptly customers
who have been given credit, take to pay for
products they have bought.
4. amortisation depreciation of intangible assets over time. Also
= repay- ment of debt by a series of instalments
5. audit an independent check of the financial records of
a busi- ness by a certified accountant. Can also
be performed internally by managers
6. balance Sheet snapshot on a particular day (usually last day of
the finan- cial year) that shows the assets,
liabilities and equity of the business. Gives an
indication of the financial stability of a business.
A=L+E
To get this or any other Exam contact ()
,HSC Business Studies Finance Exam 2025 ACTUAL EXAM COMPLETE 70 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
7. benchmarking process of measuring performance against
established standards, such as a comparison of a
firm's performance against standards set by
competitors in same industry in domestic market
To get this or any other Exam contact ()
