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Pop Quiz: Financial Statements

Quiz by Sherwin Salas

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Q 1/5
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Which of the following is not a basic financial statement according to PAS 1?
29
Statement of Financial Position
Statement of Comprehensive Income
Statement of Financial Performance
Notes to Financial Statements

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5 questions

Show answers

Q1
Which of the following is not a basic financial statement according to PAS 1?
Statement of Financial Position
Statement of Comprehensive Income
Statement of Financial Performance
Notes to Financial Statements
30s
Q2
Which of the following is an element of the Statement of Financial Position?
Sales
Assets
Revenue
Expenses
30s
Q3
Which of the following is an element of the Statement of Comprehensive Income
Assets
Sales
Liabilities
Retained Earnings
30s
Q4
Which of the following is not an element of the Statement of Changes in Equity
Retained earnings
Sales
Withdrawal of capital
Addtional investment
30s
Q5
Which of the following is considered as non-cash transaction?
Cash sales
Collection of receivables
Depreciation of fixed assets
Payment of payables
30s

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