BTEC BUSINESS LEVEL 3 BUSINESS
FINANCE TOPIC C, D & E QUESTIONS
WITH COMPLETE ANSWERS [ GRADED
A+]
Record Transactions - ✔️✔️The recording in the financial accounts of the
amount of money coming into the business and all that is spent.
Management of Business - ✔️✔️The planning, monitoring and controlling of
the resources within the business.
Compliance - ✔️✔️Ensuring all the transactions recorded meet with current
legislation ensuring the accounts reflect a true and fair view of the
company's financial position.
©morren2025/2026.Year published 2026.
, Fraud - ✔️✔️Where a business's money is used inappropriately or, is
acquired by the wrong person for personal gain.
HMRC - ✔️✔️His Majesty's Revenue & Customs - the organisation
responsible for collecting all personal and business taxes.
Capital Income - ✔️✔️The money invested in a business by its owners or
other investors that is used to set up the business or, to buy / improve the
value of Non-Current Assets
Loan - ✔️✔️A fixed amount of money that must be repaid in set monthly
instalments.
Mortgage - ✔️✔️Is a long term loan of 10 to 30 years used to buy a property. It
is repaid in monthly instalments which may differ depending on the rate of
interest. A mortgage is a "secure" loan which means it is attached to the
property it was taken out to buy.
©morren2025/2026.Year published 2026.
FINANCE TOPIC C, D & E QUESTIONS
WITH COMPLETE ANSWERS [ GRADED
A+]
Record Transactions - ✔️✔️The recording in the financial accounts of the
amount of money coming into the business and all that is spent.
Management of Business - ✔️✔️The planning, monitoring and controlling of
the resources within the business.
Compliance - ✔️✔️Ensuring all the transactions recorded meet with current
legislation ensuring the accounts reflect a true and fair view of the
company's financial position.
©morren2025/2026.Year published 2026.
, Fraud - ✔️✔️Where a business's money is used inappropriately or, is
acquired by the wrong person for personal gain.
HMRC - ✔️✔️His Majesty's Revenue & Customs - the organisation
responsible for collecting all personal and business taxes.
Capital Income - ✔️✔️The money invested in a business by its owners or
other investors that is used to set up the business or, to buy / improve the
value of Non-Current Assets
Loan - ✔️✔️A fixed amount of money that must be repaid in set monthly
instalments.
Mortgage - ✔️✔️Is a long term loan of 10 to 30 years used to buy a property. It
is repaid in monthly instalments which may differ depending on the rate of
interest. A mortgage is a "secure" loan which means it is attached to the
property it was taken out to buy.
©morren2025/2026.Year published 2026.
