Classification of Accounts for Financial Statements
Authored by Glenn Lovegrove
Business
12th Grade
Used 10+ times
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32 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is Stationery expense classified in the financial statements as
Admin Expense
Non-Current Asset - Investments
Selling and Distribution Expense
Finance Expense
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is Shares classified in the financial statements as
Non-Current Asset - Investments
Admin Expense
Finance Expense
Non-Current Asset - PPE
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is Sales Salaries classified in the financial statements as
Selling and Distribution Expense
Admin Expense
Finance Expense
Current Liability
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is Rent received classified in the financial statements as
Other Revenue
Admin Expense
Finance Expense
Current Liability
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is Council Rates classified in the financial statements as
Admin Expense
Finance Expense
Selling and Distribution Expense
Current Liability
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is Pre-Paid Expense classified in the financial statements as
Current Asset
Admin Expense
Current Liability
Non-Current Asset - PPE
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is Office Wages classified in the financial statements as
Admin Expense
Finance Expense
Selling and Distribution Expense
Non-Current Liability
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