Notes to the Financial Statements

Accrued Expenses are classified as

• Assets

• Liabilities

• Current Assets

• Current Liabilities

Accrued Expenses will be group under the heading

• Trade- and other payables

• Trade-and other receivables

• Assets

• Liabilities

Our tenant has paid their rent one month in advance

• Trade- and Other Receivables

• Income

• Trade- and Other Payables

• Expense

Depreciation is included in the ________ note and is added to the _______

• Fixed Assets

  Accumulated Depreciation

• Fixed Assets

  Vehicles

• Non-Current Assets

  Fixed Assets

• Current Assets

  Vehicles

This note includes the Net Profit as per the Income Statement

• Fixed Assets

• Interest Income

• Owner's Equity

• Trade- and Other Receivables