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6. Where does opening inventory go
- Equity
- Not included
- Under Current assets
- Non-current liability
7. Where would 'Van expenses' go
- Not included
- Non-c assets > Motor vehicles > Second 'Acc Depn' column
- Non-c Liabilities > Motor vehicles > Second 'Acc Depn' column
8. NBV goes where
- Last column at the top
- Dont include
- Before cost
9. Electricity bill not yet paid
- Add to Electricity
- Don't include
- Add to accruals
- Add to Current Liabilities
10. Inventory
- Non-current liability
- Current liability
- Equity
- Current asset
- Non-current asset
11. Accumulated depreciation graph titling
- (Vertical) Machine cost; [less] Acc. Depreciation; Carrying value
- (Horizontal) Machine cost; [less] Acc. Depreciation; Carrying value
12. Prepayment of van insurance
- Current Liabilities > Prepayment
- Current Assets > Insurance
- Current Assets > Prepayments
- Current Assets > Vehicle insurance
13. Trade recievables
- Non-current liability
- Current liability
- Current asset
- Non-current asset
14. 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)
15. NBV
- Net book value - 3rd Column
- Net book value - 1st Column
- Net book value - 2nd Column
- Net book value - Last Column
16. What is the first column along the top
17. Acc Depn
- Accumulated depreciation - 1st Column
- Accumulated depreciation - 2nd Column
- Actual Depreciation - 1st Column
18. Less: Drawings
- Equity
- Current Asset
- Current liabilities
- Non-current liability
19. Motor vehicles
- Non-current asset
- Current liability
- Current asset
- Non-current liability
20. Prepayments (1800-400+600)
- Non-current asset
- Non-current liability
- Current asset
- Current liability