O-LevelAccountingPreparation of financial statements7707/12 · May/June 2023 · Q21 Mark
Which components of a statement of financial position do descriptions 1, 2 and 3 relate to? 1 finance and other resources that have been provided by the owner 2 money owed for goods supplied, unpaid expenses and loans made to the business 3 property owned by the business, amounts owed by customers, unsold goods and money in the bank
Aassets capital liabilities
Bassets liabilities capital
Ccapital assets liabilities
Dcapital liabilities assets
✓ Correct answer
D: capital liabilities assets
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Preparation of financial statements and see which topics are most likely to come up next.
Sign up free →