Other questions in this quiz

2. Prepayment of van insurance

  • Current Assets > Prepayments
  • Current Liabilities > Prepayment
  • Current Assets > Insurance
  • Current Assets > Vehicle insurance

3. Where do you put 'Accumulated Depreciation'

  • Before Capital / Equity and liabilities
  • Don't include
  • Separate column at the top
  • After gross profit

4. What is the first column along the top

  • Cost
  • £DR
  • £CR

5. Where would 'Van expenses' go

  • Non-c Liabilities > Motor vehicles > Second 'Acc Depn' column
  • Not included
  • Non-c assets > Motor vehicles > Second 'Acc Depn' column

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