Question 4 Flashcards

1
Q

Bank

A

SOFP / Balance sheet

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2
Q

Capital

A

SOFP / Balance sheet

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3
Q

Closing inventory

A

SOFP / Balance sheet and Profit and loss

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4
Q

Depreciation Charges

A

profit and loss

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5
Q

Equipment at cost

A

SOFP / Balance sheet

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6
Q

Equipment accumulated depreciation

A

SOFP / Balance sheet

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7
Q

interest paid

A

profit and loss

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8
Q

loan

A

profit and loss

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9
Q

office expenses

A

profit and loss

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10
Q

opening inventory

A

profit and loss

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11
Q

payroll expenses

A

profit and loss

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12
Q

prepayments

A

SOFP / Balance sheet

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13
Q

purchases

A

profit and loss

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14
Q

purchase ledger control account

A

SOFP / Balance sheet

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15
Q

sales

A

profit and loss

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16
Q

sales ledger control account

A

SOFP / Balance sheet

17
Q

suspense

A

SOFP / Balance sheet

18
Q

VAT

A

SOFP / Balance sheet

19
Q

Statement of profit and loss

A

EXPENSE and INCOME

20
Q

Statement of financial position

A

Assets and liabilities