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Pop Quiz_Prelim

Quiz by Sherwin Salas

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Q 1/5
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Which of the following is one of the basic financial statements according to PAS 1?
29
Statement of Financial Position
Statement of Financial Performance
Statement of Cost of Goods Manufactured
Audited Financial Statements

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5 questions

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Q1
Which of the following is one of the basic financial statements according to PAS 1?
Statement of Financial Position
Statement of Financial Performance
Statement of Cost of Goods Manufactured
Audited Financial Statements
30s
Q2
What of the following is not an element of the Statement of Financial Position?
Sales
Liabilities
Assets
Owner's Equity
30s
Q3
Which of the following is not an element of Statement of Comprehensive Income
Sales
Revenue
Expenses
Assets
30s
Q4
Which of the following is an element of Statement of Changes in Equity?
Cost of sales
Sales
Retained Earnings
Cash and cash equivalents
30s
Q5
Which is a non-cash transaction?
Withdrawal of capital for personal use
Payment of Expenses
Depreciation of fixed assets
Collection of receivables
30s

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