Accrued Expenses are classified as
Notes to the Financial Statements

Quiz
•
Other
•
10th Grade
•
Hard
Miss Wepener
Used 5+ times
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
Assets
Liabilities
Current Assets
Current Liabilities
2.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
Accrued Expenses will be group under the heading
Trade- and other payables
Trade-and other receivables
Assets
Liabilities
3.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Our tenant has paid their rent one month in advance
Trade- and Other Receivables
Income
Trade- and Other Payables
Expense
4.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Depreciation is included in the ________ note and is added to the _______
Fixed Assets
Accumulated Depreciation
Fixed Assets
Vehicles
Non-Current Assets
Fixed Assets
Current Assets
Vehicles
5.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
This note includes the Net Profit as per the Income Statement
Fixed Assets
Interest Income
Owner's Equity
Trade- and Other Receivables
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