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Income Statement

Authored by Tutor King

Education

12th Grade

Income Statement
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8 questions

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1.

OPEN ENDED QUESTION

3 mins • 2 pts

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What amount will be recorded in the Income statement, under operating expenses as bad debts ?

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2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Provision for Bad debts adjustment will be recorded in the Statement of Comprehensive Income as an ?

Expense

Income

3.

OPEN ENDED QUESTION

3 mins • 1 pt

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what amount will provision for bad debts be recorded at in the Income Statement ?

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4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Jonty Limited received rent for how many months ?

10 months

11 months

12 months

13 months

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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In the Statement of comprehensive Income, the rent Income is recorded for ?

12 months

1 March 2023 to 29 February 2024

13 months

1 March 2023 to 31 March 2024

12 months

1 April 2023 to 31 March 2024

6.

OPEN ENDED QUESTION

3 mins • 3 pts

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What amount will be recorded in the Income Statement under Rent income for the financial year ending 29 February 2024 ?

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7.

OPEN ENDED QUESTION

3 mins • 3 pts

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What amount will be recorded in the Income Statement under operating expenses, directors fees ?

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