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Worksheetschapter 6-sofp
Total questions: 10
Worksheet time: 10mins
Which of the following is current liability?
Bank
Cash
Account Payable
Account receivable
Which of the following is non-current assets?
Bank
Cash
Account Payable
vehicle
Which of the following would be included in Statement of Financial Position?
Sales
Non-current liabilities
Revenue
Expenses
A list of assets, liabilities and owner’s equity of a business entity as of a specific date is known as:
A statement of cash flows
A statement of comprehensive income
A statement of financial position
A statement of changes in equity
The main purpose of statement of financial position is to determine__________.
the net profit or net loss
the total amount of revenue and expenses
the total amount of assets, liability and equity
the cost of sales
Which of the following is equity?
Bank
Cash
net profit
Account receivable
Which of the following is non-current assets?
Bank
Cash
net profit
Equipment
Which of the following is non-current liability?
Long-terms loan
Cash
net profit
Short-terms loan
calculated total of assets if: cash-RM10K, Acc Receivable- RM10K, Acc Payable- RM10K, Long-terms loan- RM10K, Equipment- RM10K, Short-terms loan- RM10K
RM20K
RM30K
RM40K
RM50K
calculated total of Liability if: cash-RM10K, Acc Receivable- RM10K, Acc Payable- RM10K, Long-terms loan- RM10K, Equipment- RM10K, Short-terms loan- RM10K
RM20K
RM30K
RM40K
RM50K
