N5 Accounting - SoFP which heading?

N5 Accounting - SoFP which heading?

7th Grade

20 Qs

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N5 Accounting - SoFP which heading?

N5 Accounting - SoFP which heading?

Assessment

Quiz

Other

7th Grade

Practice Problem

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Created by

Chantelle Scott

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which heading should this entry appear in the Statement of Financial Position?


Trade Payables

Non Current Assets

Current Assets

Current Liabilities

Non Current Liabilities

Financed by/Equity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which heading should this entry appear in the Statement of Financial Position?


Trade Receivables

Non Current Assets

Current Assets

Current Liabilities

Non Current Liabilities

Financed by/Equity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which heading should this entry appear in the Statement of Financial Position?


Equipment

Non Current Assets

Current Assets

Current Liabilities

Non Current Liabilities

Financed by/Equity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which heading should this entry appear in the Statement of Financial Position?


Factory Premises

Non Current Assets

Current Assets

Current Liabilities

Non Current Liabilities

Financed by/Equity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which heading should this entry appear in the Statement of Financial Position?


Fixtures and Fittings

Non Current Assets

Current Assets

Current Liabilities

Non Current Liabilities

Financed by/Equity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which heading should this entry appear in the Statement of Financial Position?


Motor Vehicles

Non Current Assets

Current Assets

Current Liabilities

Non Current Liabilities

Financed by/Equity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which heading should this entry appear in the Statement of Financial Position?


Inventory

Non Current Assets

Current Assets

Current Liabilities

Non Current Liabilities

Financed by/Equity

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