Statement of financial position

HideShow resource information

1. Prepayment of van insurance

  • Current Assets > Prepayments
  • Current Liabilities > Prepayment
  • Current Assets > Insurance
  • Current Assets > Vehicle insurance
1 of 20

Other questions in this quiz

2. Depn chg for yr

  • Depreciation change (%) for year - 3rd Column
  • Depreciation change (%) for year - 2nd Column
  • Doesnt exist
  • Depreciation change (%) for year - 1st Column

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. Liquidation of outstanding trade recievables

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

5. Order of titles

  • Non-Current assets > Total assets, > [Capital] Equity and Liabilities > Current assets > Total assets, > [Capital] Equity and Liabilities > Equity [Capital] > Non-current liabilities > total Equity & Liabilites
  • Non-Current assets > Current assets > Total assets, > [Capital] Equity and Liabilities > Equity [Capital] > Non-current liabilities > Current Liabilites > total Equity & Liabilites
  • Non-Current assets > Current assets >, > [Capital] Equity and Liabilities > Current assets > Total assets, > [Capital] Equity and Liabilities > Equity [Capital] > Non-current liabilities > Total assets > total Equity & Liabilites

Comments

No comments have yet been made

Similar Business Management resources:

See all Business Management resources »See all Statement of financial position layout resources »