Other questions in this quiz

2. Where does opening inventory go

  • Not included
  • Non-current liability
  • Under Current assets
  • Equity

3. Bill unpaid totals £750 for three months, Include as:

  • 750*1/3 (Find for only the month as at)
  • 750
  • 750/2 (Half the 3 monthly payment)

4. NBV goes where

  • Last column at the top
  • Dont include
  • Before cost

5. Where would 'Vans at cost' go

  • Non-c assets > Motor vehicles > First 'Cost' column
  • Not included
  • Non-c Liabilities > Vehicles > First 'Cost' column
  • Current assets > Vehicles > First 'Cost' column

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