N5 Accounting - SoFP which heading?
7th Grade
•20 Qs
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N5 Accounting - SoFP which heading?
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7th Grade
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Chantelle Scott
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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
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
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
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
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
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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