Question 4 Flashcards
1
Q
Bank
A
SOFP / Balance sheet
2
Q
Capital
A
SOFP / Balance sheet
3
Q
Closing inventory
A
SOFP / Balance sheet and Profit and loss
4
Q
Depreciation Charges
A
profit and loss
5
Q
Equipment at cost
A
SOFP / Balance sheet
6
Q
Equipment accumulated depreciation
A
SOFP / Balance sheet
7
Q
interest paid
A
profit and loss
8
Q
loan
A
profit and loss
9
Q
office expenses
A
profit and loss
10
Q
opening inventory
A
profit and loss
11
Q
payroll expenses
A
profit and loss
12
Q
prepayments
A
SOFP / Balance sheet
13
Q
purchases
A
profit and loss
14
Q
purchase ledger control account
A
SOFP / Balance sheet
15
Q
sales
A
profit and loss
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
