Drawing tables Flashcards
What are the key components of a statement of profit and loss? (9)
-Revenue
-Costs of sales
-Gross profit
-Operating expenses
-Operating profit
-Finance cost
-Profit before tax
-Tax expense
-Net profit / (loss)
What are the key categories of a statement of financial position? In correct order (9)
Assets
-Current assets
-Non-Current assets
-TOTAL Assets
Equity
Liabilities
-Current liabilities
-Non-current liabilities
TOTAL Equity and Liabilities
Where does the following go on a Statement of financial position:
Property, Plant and equipment
Non current assets
Where does the following go on a Statement of financial position:
Intangible assets
Non-current assets
Where does the following go on a Statement of financial position:
Inventories
Current assets
Where does the following go on a Statement of financial position:
Trade recievables
Current assets
Where does the following go on a Statement of financial position:
Prepayments
Current assets
Where does the following go on a Statement of financial position:
Cash
Current assets
Where does the following go on a Statement of financial position:
Share capital
Equity
Where does the following go on a Statement of financial position:
Share premium
Equity
Where does the following go on a Statement of financial position:
Retained earnings
Equity
Where does the following go on a Statement of financial position:
Long-term borrowing
Non-current liabilities
Where does the following go on a Statement of financial position:
Trade payables
Current liabilities
Where does the following go on a Statement of financial position:
Accruals
Current liabilities
Where does the following go on a financial statement:
Trade Receivables
Current assets
