Revision on Items for Financial Statements

Depreciation of motor vehicle belongs to

• Statement of Financial Position

• Statement of Financial Performance

Accumulated Depreciation of motor vehicle belongs to

• Statement of Financial Position

• Statement of Financial Performance

Prepaid rent expense

• Current asset

• Current liability

Commission income received in advance

• Current asset

• Current liability

Commission income receivable

• Current asset

• Current liability

Rent expense payable is

• Current asset

• Current liability

Impairment loss on trade receivables belongs to the

• Statement of Financial Position

• Statement of Financial Performance

Allowance for impairment of trade receivables belongs to the

• Statement of Financial Position

• Statement of Financial Performance