Statement of Financial Position Flashcards
1
Q
noncurrent assets
A
LBMV
Property
2
Q
current assets
A
cash
debtors
stock
3
Q
current liabilities
A
bank overdraft
trade creditors
other short-term loans
4
Q
non-current liabilities
A
mortgage
bank loans
debentures
other long-term borrowing
5
Q
net asset
A
total assets - total liabilities
6
Q
equity
A
share capital
retained earnings
7
Q
total equity
A
total assets - total liabilities = net asset = total equity
