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WorksheetsLearn more in SFP
Total questions: 10
Worksheet time: 2mins
SFP stand for?
Statement of Finance Problem
Statement of Financially Policies
Statement of Financial Position
What is the other term of SFP?
Income Statement
Balance Sheet
Cash Flow Statement
What are the (3) components of State of Financial Position?
Assets
Income
Equity
Liabilities
Expense
Which is NOT a Contra Assets?
Accumulated Depreciation
Accounts Receivable
Allowance in Bad Debts
What kind of SFP Form is vertically arranged?
Account Form
Report Form
What kind of SFP form is horizontally arranged?
Account Form
Report Form
Which is NOT listed in the "Heading" of every Financial Statement?
Name of Business
Accounting Period
Title of the Report
Currency
Asset Section
"Accounts Receivable" will be listed in what particular section?
Asset Section
Liabilities Section
Equity Section
"Accounts Payable" will be listed in what particular section?
Asset Section
Liabilities Section
Equity Section
"Unused Supplies" will be listed in what particular section?
Asset Section
Liabilities Section
Equity Section
