Income Statement
Authored by Tutor King
Education
12th Grade
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8 questions
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1.
OPEN ENDED QUESTION
3 mins • 2 pts
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
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
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
Jonty Limited received rent for how many months ?
10 months
11 months
12 months
13 months
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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
What amount will be recorded in the Income Statement under operating expenses, directors fees ?
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