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This is a practice Mini Test 1 for Accounting

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Match the key words and definitions

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Any person or party – internal or external – who has an interest in an organisation, financially or non-financially.

", "What the business owns", "The day to day costs incurred in running a business"]}], "partsMode": "all", "maxMarks": 0, "objectives": [], "penalties": [], "objectiveVisibility": "always", "penaltyVisibility": "always"}, {"name": "Prac Q2 Acc MT1", "extensions": [], "custom_part_types": [], "resources": [], "navigation": {"allowregen": true, "showfrontpage": false, "preventleave": false, "typeendtoleave": false}, "contributors": [{"name": "Yvonne Wancke", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/3703/"}], "tags": [], "metadata": {"description": "", "licence": "All rights reserved"}, "statement": "

Which of the following are examples of expenses?

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Which of the following are examples of liabilities?

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Why does a business need accounting information?

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The student is shown two radio choices: \"Yes\" and \"No\". One of them is correct.

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Money owed to suppliers is an asset?

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The student is shown two radio choices: \"Yes\" and \"No\". One of them is correct.

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A car is a liability?

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Use the following information from a business bank account to complete the cash flow statement below

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
1 JuneCapital{incap}2 JuneVan{outcap}
7 JuneMarshall{cust1}2 JuneMaterials{outtrad1}
7 JuneFreeman{cust2}4 JuneGas{outtrad2}
4 JuneWages{outtrad3}
7 JuneRent{outtrad4}
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Lovelybubby Juice Company
Cash flow statement
Opening cash balance
Add inflows
Capital[[0]]
Trading[[1]][[3]]
Less outflows
Capital[[2]]
Trading[[4]][[5]]
Closing cash balance[[6]]
\n

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The student is shown two radio choices: \"Yes\" and \"No\". One of them is correct.

", "help_url": "", "input_widget": "radios", "input_options": {"correctAnswer": "if(eval(settings[\"correct_answer_expr\"]), 0, 1)", "hint": {"static": true, "value": ""}, "choices": {"static": true, "value": ["Yes", "No"]}}, "can_be_gap": true, "can_be_step": true, "marking_script": "mark:\nif(studentanswer=correct_answer,\n correct(),\n incorrect()\n)\n\ninterpreted_answer:\nstudentAnswer=0\n\ncorrect_answer:\nif(eval(settings[\"correct_answer_expr\"]),0,1)", "marking_notes": [{"name": "mark", "description": "This is the main marking note. It should award credit and provide feedback based on the student's answer.", "definition": "if(studentanswer=correct_answer,\n correct(),\n incorrect()\n)"}, {"name": "interpreted_answer", "description": "A value representing the student's answer to this part.", "definition": "studentAnswer=0"}, {"name": "correct_answer", "description": "", "definition": "if(eval(settings[\"correct_answer_expr\"]),0,1)"}], "settings": [{"name": "correct_answer_expr", "label": "Is the answer \"Yes\"?", "help_url": "", "hint": "An expression which evaluates to true or false.", "input_type": "mathematical_expression", "default_value": "true", "subvars": false}], "public_availability": "always", "published": true, "extensions": []}], "resources": [], "navigation": {"allowregen": true, "showfrontpage": false, "preventleave": false, "typeendtoleave": false}, "contributors": [{"name": "Yvonne Wancke", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/3703/"}], "tags": [], "metadata": {"description": "", "licence": "All rights reserved"}, "statement": "

In double entry bookkeeping you record every transaction 3 times?

", "advice": "", "rulesets": {}, "builtin_constants": {"e": true, "pi,\u03c0": true, "i": true}, "constants": [], "variables": {}, "variablesTest": {"condition": "", "maxRuns": 100}, "ungrouped_variables": [], "variable_groups": [], "functions": {}, "preamble": {"js": "", "css": ""}, "parts": [{"type": "yes-no", "useCustomName": false, "customName": "", "marks": "2", "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "settings": {"correct_answer_expr": "false"}}], "partsMode": "all", "maxMarks": 0, "objectives": [], "penalties": [], "objectiveVisibility": "always", "penaltyVisibility": "always"}, {"name": "Prac Q9 Acc MT1 gap fill working", "extensions": [], "custom_part_types": [], "resources": [], "navigation": {"allowregen": true, "showfrontpage": false, "preventleave": false, "typeendtoleave": false}, "contributors": [{"name": "Yvonne Wancke", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/3703/"}], "tags": [], "metadata": {"description": "", "licence": "All rights reserved"}, "statement": "

A firm has opening assets of £{a} and opening liabilities of £{b} (£{c} third party and £{d} capital). The profit is £{ee} (income £{f} and expenses £{g}). Complete the steps in the accounting equation using the template below.

", "advice": "", "rulesets": {}, "builtin_constants": {"e": true, "pi,\u03c0": true, "i": true}, "constants": [], "variables": {"a": {"name": "a", "group": "Ungrouped variables", "definition": "random(10000..20000)", "description": "", "templateType": "anything", "can_override": false}, "b": {"name": "b", "group": "Ungrouped variables", "definition": "a", "description": "", "templateType": "anything", "can_override": false}, "c": {"name": "c", "group": "Ungrouped variables", "definition": "random(1000..7000)", "description": "", "templateType": "anything", "can_override": false}, "d": {"name": "d", "group": "Ungrouped variables", "definition": "b-c", "description": "

b=c

", "templateType": "anything", "can_override": false}, "ee": {"name": "ee", "group": "Ungrouped variables", "definition": "random(5000..9000)", "description": "", "templateType": "anything", "can_override": false}, "f": {"name": "f", "group": "Ungrouped variables", "definition": "random(10000..15000)", "description": "", "templateType": "anything", "can_override": false}, "g": {"name": "g", "group": "Ungrouped variables", "definition": "f-ee", "description": "", "templateType": "anything", "can_override": false}}, "variablesTest": {"condition": "", "maxRuns": 100}, "ungrouped_variables": ["a", "b", "c", "d", "ee", "f", "g"], "variable_groups": [], "functions": {}, "preamble": {"js": "", "css": ""}, "parts": [{"type": "gapfill", "useCustomName": false, "customName": "", "marks": 0, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": true, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "prompt": "

Assets = liabiliities 

\n

[[0]]=[[1]]

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Assets = liabilities + capital

\n

[[0]]=[[1]]+[[2]]

", "gaps": [{"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "a", "maxValue": "a", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "c", "maxValue": "c", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": true, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "d", "maxValue": "d", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}], "sortAnswers": false}, {"type": "gapfill", "useCustomName": false, "customName": "", "marks": 0, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": true, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "prompt": "

Assets = liabilities + capital + profit

\n

[[0]] = [[1]] +[[2]] +[[3]]

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Assets + expenses = liabilities + capital + income

\n

[[0]] + [[1]] = [[2]] + [[3]] + [[4]]

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The student is shown two radio choices: \"Yes\" and \"No\". One of them is correct.

", "help_url": "", "input_widget": "radios", "input_options": {"correctAnswer": "if(eval(settings[\"correct_answer_expr\"]), 0, 1)", "hint": {"static": true, "value": ""}, "choices": {"static": true, "value": ["Yes", "No"]}}, "can_be_gap": true, "can_be_step": true, "marking_script": "mark:\nif(studentanswer=correct_answer,\n correct(),\n incorrect()\n)\n\ninterpreted_answer:\nstudentAnswer=0\n\ncorrect_answer:\nif(eval(settings[\"correct_answer_expr\"]),0,1)", "marking_notes": [{"name": "mark", "description": "This is the main marking note. It should award credit and provide feedback based on the student's answer.", "definition": "if(studentanswer=correct_answer,\n correct(),\n incorrect()\n)"}, {"name": "interpreted_answer", "description": "A value representing the student's answer to this part.", "definition": "studentAnswer=0"}, {"name": "correct_answer", "description": "", "definition": "if(eval(settings[\"correct_answer_expr\"]),0,1)"}], "settings": [{"name": "correct_answer_expr", "label": "Is the answer \"Yes\"?", "help_url": "", "hint": "An expression which evaluates to true or false.", "input_type": "mathematical_expression", "default_value": "true", "subvars": false}], "public_availability": "always", "published": true, "extensions": []}], "resources": [], "navigation": {"allowregen": true, "showfrontpage": false, "preventleave": false, "typeendtoleave": false}, "contributors": [{"name": "Yvonne Wancke", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/3703/"}], "tags": [], "metadata": {"description": "", "licence": "All rights reserved"}, "statement": "

Large machinery is a liability?

", "advice": "", "rulesets": {}, "builtin_constants": {"e": true, "pi,\u03c0": true, "i": true}, "constants": [], "variables": {}, "variablesTest": {"condition": "", "maxRuns": 100}, "ungrouped_variables": [], "variable_groups": [], "functions": {}, "preamble": {"js": "", "css": ""}, "parts": [{"type": "yes-no", "useCustomName": false, "customName": "", "marks": "2", "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "settings": {"correct_answer_expr": "false"}}], "partsMode": "all", "maxMarks": 0, "objectives": [], "penalties": [], "objectiveVisibility": "always", "penaltyVisibility": "always"}, {"name": "Prac Q11 Acc MT1", "extensions": [], "custom_part_types": [], "resources": [], "navigation": {"allowregen": true, "showfrontpage": false, "preventleave": false, "typeendtoleave": false}, "contributors": [{"name": "Yvonne Wancke", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/3703/"}], "tags": [], "metadata": {"description": "", "licence": "All rights reserved"}, "statement": "

A business, Biscuits Now, sells biscuits and cakes to shops and private customers. Complete the income statement from the information given.

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
debtors{debtors}
wages{wages}
cost of goods sold{goods}
office building owned{office}
van rental {van}
financing costs  {fin}
rent {rent}
tax  {tax}
sales{sales}
", "advice": "", "rulesets": {}, "builtin_constants": {"e": true, "pi,\u03c0": true, "i": true}, "constants": [], "variables": {"creditor": {"name": "creditor", "group": "Ungrouped variables", "definition": "random(10000..20000)", "description": "", "templateType": "anything", "can_override": false}, "sales": {"name": "sales", "group": "Ungrouped variables", "definition": "random(80000..150000)", "description": "", "templateType": "anything", "can_override": false}, "cash": {"name": "cash", "group": "Ungrouped variables", "definition": "random(5000..10000)", "description": "", "templateType": "anything", "can_override": false}, "goods": {"name": "goods", "group": "Ungrouped variables", "definition": "random(6000..10000)", "description": "", "templateType": "anything", "can_override": false}, "office": {"name": "office", "group": "Ungrouped variables", "definition": "random(100000..3000000)", "description": "", "templateType": "anything", "can_override": false}, "wages": {"name": "wages", "group": "Ungrouped variables", "definition": "random(20000..30000)", "description": "", "templateType": "anything", "can_override": false}, "van": {"name": "van", "group": "Ungrouped variables", "definition": "random(4000..10000)", "description": "", "templateType": "anything", "can_override": false}, "rent": {"name": "rent", "group": "Ungrouped variables", "definition": "random(20000..50000)", "description": "", "templateType": "anything", "can_override": false}, "debtors": {"name": "debtors", "group": "Ungrouped variables", "definition": "random(30000..40000)", "description": "", "templateType": "anything", "can_override": false}, "fin": {"name": "fin", "group": "Ungrouped variables", "definition": "random(300..600)", "description": "", "templateType": "anything", "can_override": false}, "tax": {"name": "tax", "group": "Ungrouped variables", "definition": "random(1000..3000)", "description": "", "templateType": "anything", "can_override": false}}, "variablesTest": {"condition": "", "maxRuns": 100}, "ungrouped_variables": ["creditor", "sales", "cash", "goods", "office", "wages", "van", "rent", "debtors", "fin", "tax"], "variable_groups": [], "functions": {}, "preamble": {"js": "", "css": ""}, "parts": [{"type": "gapfill", "useCustomName": false, "customName": "", "marks": 0, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": true, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "prompt": "\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Income statment
££
Revenue[[0]]
Less cost of goods sold[[1]]
Gross profit[[2]]
Less overheads/expenses
wages[[3]]
van rental[[4]]
rent[[5]]
Net profit[[6]]
Financing costs[[7]]
Profit before tax[[8]]
Tax[[9]]
Profit after tax[[10]]
", "gaps": [{"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": true, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "sales", "maxValue": "sales", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": true, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "goods", "maxValue": "goods", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": "2", "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": true, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "sales-goods", "maxValue": "sales-goods", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "wages", "maxValue": "wages", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": true, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "van", "maxValue": "van", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "rent", "maxValue": "rent", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": "3", "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "sales-goods-wages-van-rent", "maxValue": "sales-goods-wages-van-rent", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": true, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "fin", "maxValue": "fin", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "sales-goods-wages-van-rent-fin", "maxValue": "sales-goods-wages-van-rent-fin", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": "3", "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "tax", "maxValue": "tax", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": "2", "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": false, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "sales-goods-wages-van-rent-fin-tax", "maxValue": "sales-goods-wages-van-rent-fin-tax", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}], "sortAnswers": false}], "partsMode": "all", "maxMarks": 0, "objectives": [], "penalties": [], "objectiveVisibility": "always", "penaltyVisibility": "always"}, {"name": "Prac Q12 Acc MT1", "extensions": [], "custom_part_types": [], "resources": [], "navigation": {"allowregen": true, "showfrontpage": false, "preventleave": false, "typeendtoleave": false}, "contributors": [{"name": "Yvonne Wancke", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/3703/"}], "tags": [], "metadata": {"description": "", "licence": "All rights reserved"}, "statement": "

Match the following terms with their definition

", "advice": "", "rulesets": {}, "builtin_constants": {"e": true, "pi,\u03c0": true, "i": true}, "constants": [], "variables": {}, "variablesTest": {"condition": "", "maxRuns": 100}, "ungrouped_variables": [], "variable_groups": [], "functions": {}, "preamble": {"js": "", "css": ""}, "parts": [{"type": "m_n_x", "useCustomName": false, "customName": "", "marks": 0, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minMarks": 0, "maxMarks": "4", "minAnswers": 0, "maxAnswers": 0, "shuffleChoices": true, "shuffleAnswers": false, "displayType": "radiogroup", "warningType": "none", "showCellAnswerState": true, "markingMethod": "sum ticked cells", "choices": ["going concern", "entity", "prudence", "money measurment"], "matrix": [["1", 0, 0, 0], [0, "1", 0, 0], [0, 0, "1", 0], [0, 0, 0, "1"]], "layout": {"type": "all", "expression": ""}, "answers": ["when a business is expected to trade for the foreseeable future", "a business and an owner are treated separately", "Being cautious and only recording income when we are certain", "only items of financial worth are recorded"]}], "partsMode": "all", "maxMarks": 0, "objectives": [], "penalties": [], "objectiveVisibility": "always", "penaltyVisibility": "always"}, {"name": "Prac Q13 Acc MT1", "extensions": [], "custom_part_types": [], "resources": [], "navigation": {"allowregen": true, "showfrontpage": false, "preventleave": false, "typeendtoleave": false}, "contributors": [{"name": "Yvonne Wancke", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/3703/"}], "tags": [], "metadata": {"description": "", "licence": "All rights reserved"}, "statement": "

Which of the following might you see on an income statement?

", "advice": "", "rulesets": {}, "builtin_constants": {"e": true, "pi,\u03c0": true, "i": true}, "constants": [], "variables": {}, "variablesTest": {"condition": "", "maxRuns": 100}, "ungrouped_variables": [], "variable_groups": [], "functions": {}, "preamble": {"js": "", "css": ""}, "parts": [{"type": "m_n_2", "useCustomName": false, "customName": "", "marks": 0, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": true, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minMarks": "-1", "maxMarks": "3", "shuffleChoices": true, "displayType": "checkbox", "displayColumns": 0, "minAnswers": 0, "maxAnswers": "3", "warningType": "warn", "showCellAnswerState": true, "markingMethod": "sum ticked cells", "choices": ["closing cash balance", "capital invested", "profit after tax", "net profit", "liabilities", "profit before tax", "fixed assets"], "matrix": ["0", "0", "1", "1", "0", "1", "-1"], "distractors": ["", "", "", "", "", "", ""]}], "partsMode": "all", "maxMarks": 0, "objectives": [], "penalties": [], "objectiveVisibility": "always", "penaltyVisibility": "always"}, {"name": "Prac Q14 Acc MT1", "extensions": [], "custom_part_types": [], "resources": [], "navigation": {"allowregen": true, "showfrontpage": false, "preventleave": false, "typeendtoleave": false}, "contributors": [{"name": "Yvonne Wancke", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/3703/"}], "tags": [], "metadata": {"description": "", "licence": "All rights reserved"}, "statement": "

Use the following information to complete the balance sheet below.

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
££
creditors{cred}loan on building{loan}
share capital{share}
car{car}cash at bank{cash}
office building{office}debtors{debtors}
stock{stock}overdraft{over}
", "advice": "", "rulesets": {}, "variables": {"cred": {"name": "cred", "group": "Ungrouped variables", "definition": "random(10000..20000)", "description": "", "templateType": "anything"}, "share": {"name": "share", "group": "Ungrouped variables", "definition": "random(1000..2000)", "description": "", "templateType": "anything"}, "car": {"name": "car", "group": "Ungrouped variables", "definition": "random(20000..50000)", "description": "", "templateType": "anything"}, "office": {"name": "office", "group": "Ungrouped variables", "definition": "random(200000..600000)", "description": "", "templateType": "anything"}, "loan": {"name": "loan", "group": "Ungrouped variables", "definition": "random(100000..500000)", "description": "", "templateType": "anything"}, "debtors": {"name": "debtors", "group": "Ungrouped variables", "definition": "random(50000..300000)", "description": "", "templateType": "anything"}, "cash": {"name": "cash", "group": "Ungrouped variables", "definition": "random(200000..300000)", "description": "", "templateType": "anything"}, "over": {"name": "over", "group": "Ungrouped variables", "definition": "random(50000..150000)", "description": "", "templateType": "anything"}, "stock": {"name": "stock", "group": "Ungrouped variables", "definition": "random(20000..30000)", "description": "", "templateType": "anything"}}, "variablesTest": {"condition": "", "maxRuns": 100}, "ungrouped_variables": ["cred", "share", "car", "office", "loan", "debtors", "cash", "over", "stock"], "variable_groups": [], "functions": {}, "preamble": {"js": "", "css": ""}, "parts": [{"type": "gapfill", "useCustomName": false, "customName": "", "marks": 0, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": true, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "prompt": "\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Fixed assets
Office building[[0]]
Car[[1]][[2]]
Current assets
Stock[[3]]
Debtors[[4]]
Cash at bank[[5]]
[[6]]
Current liabilities
Creditors[[7]]
Overdraft[[8]]
[[9]]
Net current assets[[10]]
Long term liability[[11]]
Net assets[[12]]
Share capital[[13]]
Retained profits[[14]]
", "gaps": [{"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "office", "maxValue": "office", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "car", "maxValue": "car", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "office+car", "maxValue": "office+car", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "stock", "maxValue": "stock", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "debtors", "maxValue": "debtors", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "cash", "maxValue": "cash", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "stock+debtors+cash", "maxValue": "stock+debtors+cash", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "cred", "maxValue": "cred", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "over", "maxValue": "over", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "cred+over", "maxValue": "cred+over", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "stock+debtors+cash-cred-over", "maxValue": "stock+debtors+cash-cred-over", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "loan", "maxValue": "loan", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": true, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "office+car+debtors+stock+cash-cred-over-loan", "maxValue": "office+car+debtors+stock+cash-cred-over-loan", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "share", "maxValue": "share", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": true, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "office+car+debtors+stock+cash-cred-over-loan-share", "maxValue": "office+car+debtors+stock+cash-cred-over-loan-share", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}], "sortAnswers": false}], "partsMode": "all", "maxMarks": 0, "objectives": [], "penalties": [], "objectiveVisibility": "always", "penaltyVisibility": "always"}, {"name": "Prac Q16 Acc MT1", "extensions": [], "custom_part_types": [{"source": {"pk": 1, "author": {"name": "Christian Lawson-Perfect", "pk": 7}, "edit_page": "/part_type/1/edit"}, "name": "Yes/no", "short_name": "yes-no", "description": "

The student is shown two radio choices: \"Yes\" and \"No\". One of them is correct.

", "help_url": "", "input_widget": "radios", "input_options": {"correctAnswer": "if(eval(settings[\"correct_answer_expr\"]), 0, 1)", "hint": {"static": true, "value": ""}, "choices": {"static": true, "value": ["Yes", "No"]}}, "can_be_gap": true, "can_be_step": true, "marking_script": "mark:\nif(studentanswer=correct_answer,\n correct(),\n incorrect()\n)\n\ninterpreted_answer:\nstudentAnswer=0\n\ncorrect_answer:\nif(eval(settings[\"correct_answer_expr\"]),0,1)", "marking_notes": [{"name": "mark", "description": "This is the main marking note. It should award credit and provide feedback based on the student's answer.", "definition": "if(studentanswer=correct_answer,\n correct(),\n incorrect()\n)"}, {"name": "interpreted_answer", "description": "A value representing the student's answer to this part.", "definition": "studentAnswer=0"}, {"name": "correct_answer", "description": "", "definition": "if(eval(settings[\"correct_answer_expr\"]),0,1)"}], "settings": [{"name": "correct_answer_expr", "label": "Is the answer \"Yes\"?", "help_url": "", "hint": "An expression which evaluates to true or false.", "input_type": "mathematical_expression", "default_value": "true", "subvars": false}], "public_availability": "always", "published": true, "extensions": []}], "resources": [], "navigation": {"allowregen": true, "showfrontpage": false, "preventleave": false, "typeendtoleave": false}, "contributors": [{"name": "Yvonne Wancke", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/3703/"}], "tags": [], "metadata": {"description": "", "licence": "All rights reserved"}, "statement": "

Use the financial transactions given to answer the following questions.

\n

", "advice": "", "rulesets": {}, "variables": {"a": {"name": "a", "group": "Ungrouped variables", "definition": "random(300..500)", "description": "", "templateType": "anything"}, "b": {"name": "b", "group": "Ungrouped variables", "definition": "random(10000..20000)", "description": "", "templateType": "anything"}, "c": {"name": "c", "group": "Ungrouped variables", "definition": "random(800..1200)", "description": "", "templateType": "anything"}, "d": {"name": "d", "group": "Ungrouped variables", "definition": "random(600..1400)", "description": "", "templateType": "anything"}}, "variablesTest": {"condition": "", "maxRuns": 100}, "ungrouped_variables": ["a", "b", "c", "d"], "variable_groups": [], "functions": {}, "preamble": {"js": "", "css": ""}, "parts": [{"type": "gapfill", "useCustomName": false, "customName": "", "marks": 0, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": true, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "prompt": "

A business pays an electricity bill of £{a}

\n

Money comes out of the [[0]] account and into the [[1]]account

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A business pays an electricity bill of £{a}

\n

Is the entry written on the right hand side of the bank account?

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On 15 Sept the owner transfers £{b} capital into the business bank account.

\n

This will show as 

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The business pays wages of £{d} on 21 Sept

\n

This is recorded as a [[0]] in the bank account and a [[1]] in the wages account.

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The student is shown two radio choices: \"Yes\" and \"No\". One of them is correct.

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