Balance Sheets

Question 1

Great Brands Produce Big Money Power

Balance Sheet (general) 6 Non-Current Assets

Answer 1

Goodwill, Brand, Property, Bonds, Machinery, Patents

Question 2

Balance Sheet (general) 3 Current Assets

Answer 2

Cash, Stock, Debtors

Question 3

Balance Sheet (general) 3 Equity and Liabilities

Answer 3

Retaiend Earnings, Other Reserves, Share Capital

Question 4

Balance Sheet (general) 3 Non-Current Liabilities

Answer 4

Mortgages, long-term borrowing, Bank Loans

Question 5

Balance Sheet (general) 3 Current Liabilities

Answer 5

Creditors, Short-term borrowings, Overdraft

Question 6

Balance Sheet (Broker) 4 Non-Current assets

Answer 6

Property, Office Equipment, Vehicles, Subsidiary Companies

Question 7

Balance Sheet (Broker) 2 Current Assets

Answer 7

Cash, Trade Receivables

Question 8

Balance Sheet (Broker) 2 Current Liabilties

Answer 8

Insurance broking creditors

Question 9

Balance Sheet (Broker) 2 Non-current liabilties

Answer 9

Borrowing, Provisons for liabitlies and charges

Question 10

Balance Sheet (Broker) 2 Shareholders Equity

Answer 10

Ordinary Shares, Retained Earnings.

Question 11

Balance Sheet (Insurance Company) 5 Assets

Answer 11

Investments, Reinsurances share of insurance contract liabilities, Intangible assets, Debtors, Cash, Deferred acquisition costs

Question 12

Balance Sheet (Insurance Company) 4 Liabilties

Answer 12

Provision of unearned Premium, Provision for losses and loss adjustment expenses,
Reinsurance Liabilities, Creditors and other current liabilities.

Question 13

Balance Sheet (Insurance Company) 1 Equity and reserves

Answer 13

Shareholders equity and reserves