Q.1.
How do we calculate Total Assets?
Q.2.
A person's account who owes money to the business for goods or services supplied is known as___________.
Q.3.
Which of the following is not an example of Non-current Asset.
Q.4.
Which of the following current assets should be listed last in the Statement of Financial Position?
Q.5.
A supplier's account to whom money is owed to for goods or services supplied is known as___________.
Q.6.
What is the name given to the account in which the owner withdraws money from the business?
Q.7.
Which of the following Non-current assets should be listed first in the Statement of Financial Position?
Q.8.
Which of the following is an example of current liability?
Q.9.
Assets that likely to change to change into cash in the near future are called____________________.
Q.10.
_________________ are monies owed and are due for repayment in the short term