Other questions in this quiz

2. Liquidation of outstanding trade recievables

  • Take away from figure
  • Add to Liabilites
  • Add to assets
  • Add to bad debt

3. Cash

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

4. Where do you put 'Accumulated Depreciation'

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

5. Accumulated depreciation graph titling

  • (Vertical) Machine cost; [less] Acc. Depreciation; Carrying value
  • (Horizontal) Machine cost; [less] Acc. Depreciation; Carrying value

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