Financial Accounting Quiz

What is the value of the closing inventory?

• £13,480

• £11,180

• £15,680

• £10,980

What is the amount of prepayment for rates from October to December 2022?

• £1,150

• £2,300

• £575

• £3,450

What is the depreciation expense for plant and machinery?

• £12,000

• £8,000

• £10,000

• £15,000

What is the depreciation expense for loose tools?

• £910

• £1,000

• £1,100

• £800

What is the total share dividend declared for the year.

Hint: Sum the Preference Share Dividend and the Ordinary Share Dividend

• £1,750

• £5,000

• £4,000

• £,6750

What is the half year's interest on the debenture not yet paid

• £2,400

• £1,200

• £2,000

• £1,500

What is the corporation tax payable for the year?

• £6,370

• £5,000

• £7,750

• £4,500