Statement of financial position

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1. 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)
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2. What is the first column along the top

  • £CR
  • Cost
  • £DR

3. NBV

  • Net book value - 3rd Column
  • Net book value - Last Column
  • Net book value - 1st Column
  • Net book value - 2nd Column

4. Motor vehicles

  • Non-current liability
  • Non-current asset
  • Current asset
  • Current liability

5. Accumulated depreciation graph titling

  • (Vertical) End of year 1; 2; 3; 4....
  • (Horizontal) End of year 1; 2; 3; 4....

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