Statement of Financial Position

Statement of Financial Position

11th Grade

20 Qs

quiz-placeholder

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Statement of Financial Position

Statement of Financial Position

Assessment

Quiz

Other

11th Grade

Practice Problem

Medium

Created by

Angelina Anggun

Used 47+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

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

Capital - Liabilities

Liabilities + Capital

Current Liabilities - Capital

Capital + Non-Current Liabilities

Answer explanation

Asset = Liabilities + Capital

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

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

Skontro

Staffel

Horizontal

Sideways

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

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

Depreciation expense

Accumulated depreciation

Irrecoverable debts

Rent payable

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

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

Non current liabilities

Current liabilities

Non current assets

Current assets

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

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

Non current liabilities

Current liabilities

Non current assets

Current assets

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Goodwill is included in the classification of...

Non current liabilities

Current liabilities

Non-current assets

Current assets

Answer explanation

As intangible non-current assets

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