N5 Accounting SoFP

N5 Accounting SoFP

10th Grade

12 Qs

quiz-placeholder

Similar activities

Grade 10 Accounting Quiz

Grade 10 Accounting Quiz

10th Grade

15 Qs

Business IGCSE Definitions to Learn S5Ch25

Business IGCSE Definitions to Learn S5Ch25

9th - 12th Grade

7 Qs

Bookkeeping and Accounts Quiz 1

Bookkeeping and Accounts Quiz 1

10th - 12th Grade

8 Qs

Financial statements

Financial statements

10th Grade

10 Qs

Accounting Balance Sheets

Accounting Balance Sheets

9th - 10th Grade

10 Qs

Accounting Definitions

Accounting Definitions

7th - 10th Grade

15 Qs

Basic Accounting

Basic Accounting

1st - 10th Grade

10 Qs

3.7 - Working Capital - Quiz 3

3.7 - Working Capital - Quiz 3

9th - 12th Grade

17 Qs

N5 Accounting SoFP

N5 Accounting SoFP

Assessment

Quiz

Business

10th Grade

Medium

Created by

Chantelle Scott

Used 11+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A non-current asset is an item owed by the business for a period of more than a year.

True

False

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are examples of non-current assets?

Property

Fixtures and Fittings

Cash

Machinery

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A current asset is an item owned by the business for a period of less than a year.

True

False

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following is NOT an example of a current asset?

Cash

Equipment

Inventory

Trade Receivables

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Motor vehicles are an example of a non-current asset.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A current liability is...

An item owned by the business for a period of more than a year

An item owed by the business for a period of more than a year

An item owed by the business for a period of less than a year

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bank overdraft is an example of a current liability.

True

False

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?