
25. SOFP (GCSE)
Authored by Adam Lewis
Social Studies
10th Grade
Used 2+ times

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8 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
Define 'statement of financial position'. [2K]
Evaluate responses using AI:
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
Define 'assets'. [2K]
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OFF
3.
OPEN ENDED QUESTION
3 mins • 1 pt
Define 'liabilities'. [2K]
Evaluate responses using AI:
OFF
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the equation for 'shareholder's equity'.
Total Assets - Total Liabilities
Revenue - Cost
Revenue - Cost of Sales
Net Profit - Gross Profit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is NOT a 'current liability'?
Overdraft
Trade Payables
Trade Receivables
Dividend Payments
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is NOT a 'non-current liability'?
Mortgage
Long-term loan
Debenture
Overdraft
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is NOT a 'non-current asset'?
Machinery
Premises
Vehicles
Inventories
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