Statement of Financial Position

Basic Accounting Equation -> Assets = .....

• Capital - Liabilities

• Liabilities + Capital

• Current Liabilities - Capital

• Capital + Non-Current Liabilities

Answer explanation

Asset = Liabilities + Capital

The following components of the title need to be included in the SoFP, except.....

• The company accountant name

• The name of the firm

• The name of the report

• The accounting periods

The form of the 'Statement of Financial Position' which is compiled from top to bottom is called....

• Skontro

• Staffel

• Horizontal

• Sideways

One of the accounts that will be deducted from the 'Financial Position Statement' is.....

• Depreciation expense

• Accumulated depreciation

• Irrecoverable debts

• Rent payable

In Pearson Edexcel, the SoFP classification starts from...

• Non current liabilities

• Current liabilities

• Non current assets

• Current assets

Short term loan has the same meaning as.....

• Non current liabilities

• Current liabilities

• Non current assets

• Current assets

Goodwill is included in the classification of...

• Non current liabilities

• Current liabilities

• Non-current assets

• Current assets

Answer explanation

As intangible non-current assets

The following are the forms of non-current assets, except.....

• Machinery

• Office equipment

• Vehicles

• Inventory

Answer explanation

Inventory = current assets

Fixed Assets (aktiva tetap) is another name of...

• Non-current liabilities

• Current liabilities

• Non-current assets

• Current assets

Loans with a term of more than 1 year are.....

• Non-current liabilities

• Current liabilities

• Services on credit

• Bank loan

Answer explanation

Non-current liabilities = long-term liabilities