Study

Financial Statements

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  • Cost of sales appears in which financial statement?
    statement of financial performance
  • Is bank overdraft a current or non-current liability?
    Non-current liability
  • Loan from bank appears in which financial statement?
    Statement of financial position
  • Is fixtures and fittings a current or non-current asset?
    Non-current asset
  • Trade payables appears in which financial statement?
    Statement of financial position
  • Motor vehicles appear in which financial statement?
    Statement of financial position
  • Stationery appears in which financial statement?
    Statement of financial performance
  • Trade receivables appears in which financial statement?
    Statement of financial position
  • Capital appears in which financial statement?
    statement of financial position
  • What is the purpose of preparing a statement of financial performance?
    To evaluate business performance - making profit or loss.
  • Sales returns appears in which financial statement?
    Statement of financial performance
  • Is inventory a current or non-current asset?
    current asset
  • Motor vehicle repairs appears in which financial statement?
    Statement of financial performance
  • Discount received appears in which financial statement?
    Statement of financial performance
  • Bank overdraft appears in which financial statement?
    Statement of financial position
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