Home › Courses › ACCA › Financial Accounting › Statement Of Financial PositionACCA Statement Of Financial Position — practice questions Explore 3 free Statement Of Financial Position questions in ACCA Financial Accounting. Open each question or exercise to read its content, reference answers and available explanation.
Practise Statement Of Financial Position with Quill → Statement Of Financial Position questions and exercises with answers Showing questions 1–3 of 3.
Worked practice questions Spot the Liability (ACCA FA) Read exercise and reference answers Questions Items Cash at bank Inventory Receivables Trade payables Odd item Trade payables Items Bank loan Machinery Buildings Goodwill Odd item Bank loan Items Prepayments Accruals Vehicles Cash in hand Odd item Accruals Items Patents Receivables Overdraft Equipment Odd item Overdraft Instructions Tap the item that is NOT an asset. Open this exercise →
Not a Current Asset (ACCA FA) Read exercise and reference answers Questions Items Land Inventory Receivables Cash Odd item Land Items Short-term investments Goodwill Prepayments Bank balance Odd item Goodwill Items Trade receivables Petty cash Plant and machinery Inventory Odd item Plant and machinery Items Prepaid insurance Accrued income Inventory Long-term loan Odd item Long-term loan Instructions Tap the one that is not a current asset. Open this exercise →
Asset or Liability? (ACCA FA) Read exercise and reference answers Items Item Inventory Answer left Item Trade payables Answer right Item Cash at bank Answer left Item Bank loan Answer right Item Receivables Answer left Item Accrued expenses Answer right Item Motor vehicle Answer left Item Bank overdraft Answer right Categories Left Asset Right Liability Instructions Swipe each item to asset or liability. Open this exercise →
How to practise Choose a Statement Of Financial Position question and try to work out your answer. Open the question to check the correct answer and read its worked solution. Continue in the app for bite-sized lessons, explanations and review with Quill. You can start without creating an account. More Financial Accounting topics 
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