Odd Important Bits Flashcards
1
Q
Online market
A
Physical product that you buy online
2
Q
Digital market
A
Downloadable goods bought online eg games, apps, files
3
Q
Indirect tax def
A
Taxes on expenditure/spending
Paid indirectly by supplies of goods or service
4
Q
Direct tax
A
Taxes on income and profits
Paid director by bearer to tax authorities
5
Q
Direct tax examples
A
Income tax, National Insurance Tax, Corporation Tax
6
Q
Indirect tax examples
A
Road tax, tobacco tax, VAT, sugar tax, stamp duty
7
Q
Current Assets def + examples
A
Assets that can be sold in a year
Stock, cash, debtors
8
Q
Current liabilities def + examples
A
Liabilities that you owe in a year
Short term loan - overdraft
Creditors
9
Q
Variation in TSA equation
A
Sales - 3 point moving average
