Topic 1

Which of the following pair is incorrect?

• sales of inventory - SPLOCI

• Dividend income - SPLOCI

• Unearned Revenue- SPLOCI

• amortization expenses- SPLOCI

Which of the following is the contra account?

• allowances for doubtful debts

• Inventory

• Office supplies

• Plant and machinery

Sales Revenue

• Statement of Profit or Loss and OCI

• Statement of Financial Position

• Statement of Changes of Equity

• Statement of Cash Flow

Which of these are in statement of Financial Position?

• Trade receivables

• Equipment

• Cash and Cash equivalent

• Fixed deposit

Which of these are in statement of Profit or Loss and Other comprehensive Income?

• Loss on disposal of equipment

• Amortization expenses

• Unearned Revenues

• Depreciation expenses

Gain or losses on exchange rate

• Statement of Profit or Loss and OCI

• Statement of Financial Position

• Statement of Changes of Equity

• Statement of Cash Flow

Net book value

• Statement of Profit or Loss and OCI

• Statement of Financial Position

• Statement of Changes of Equity

• Statement of Cash Flow

Advertising Expenses

• Statement of Profit or Loss and OCI

• Statement of Financial Position

• Statement of Changes of Equity

• Statement of Cash Flow

Dividend

• Statement of Profit or Loss and OCI

• Statement of Financial Position

• Statement of Changes of Equity

• Statement of Cash Flow

Retained earnings will be reported in ....

• Statement of Financial Position

• Statement of Cash Flow

• Statement of Profit or Loss and OCI

• Statement of Changes in Equity