N5 Accounting - SoFP which heading?
7th Grade
•20 Qs
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N5 Accounting - SoFP which heading?
Quiz
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Other
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7th Grade
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Medium
Chantelle Scott
Used 24+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which heading should this entry appear in the Statement of Financial Position?
Trade Payables
Non Current Assets
Current Assets
Current Liabilities
Non Current Liabilities
Financed by/Equity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which heading should this entry appear in the Statement of Financial Position?
Trade Receivables
Non Current Assets
Current Assets
Current Liabilities
Non Current Liabilities
Financed by/Equity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which heading should this entry appear in the Statement of Financial Position?
Equipment
Non Current Assets
Current Assets
Current Liabilities
Non Current Liabilities
Financed by/Equity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which heading should this entry appear in the Statement of Financial Position?
Factory Premises
Non Current Assets
Current Assets
Current Liabilities
Non Current Liabilities
Financed by/Equity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which heading should this entry appear in the Statement of Financial Position?
Fixtures and Fittings
Non Current Assets
Current Assets
Current Liabilities
Non Current Liabilities
Financed by/Equity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which heading should this entry appear in the Statement of Financial Position?
Motor Vehicles
Non Current Assets
Current Assets
Current Liabilities
Non Current Liabilities
Financed by/Equity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which heading should this entry appear in the Statement of Financial Position?
Inventory
Non Current Assets
Current Assets
Current Liabilities
Non Current Liabilities
Financed by/Equity
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