Start learning →

CA Foundation Finalaccounts — practice questions

Explore 1 free Finalaccounts questions in CA Foundation Accountancy. Open each question or exercise to read its content, reference answers and available explanation.

Practise Finalaccounts with Quill →

Finalaccounts questions and exercises with answers

Showing questions 1–1 of 1.

Outstanding salary is shown in the balance sheet as aRead the answer and worked solution →

Worked practice questions

Outstanding salary is shown in the balance sheet as a

  1. fixed asset
  2. current liability
  3. current asset
  4. expense only
Show answer and solution

Correct answer: B. current liability

Salary due but unpaid is an outstanding expense — a current liability owed by the business.

Open this question →

How to practise

  1. Choose a Finalaccounts question and try to work out your answer.
  2. Open the question to check the correct answer and read its worked solution.
  3. Continue in the app for bite-sized lessons, explanations and review with Quill. You can start without creating an account.

Put it into practice

Continue with Finalaccounts practice for CA Foundation. Read explanations as you go. No signup form needed to start.

Practise Finalaccounts →

More Accountancy topics

Partnership AccountsIntroduction to Accounting & Recording TransactionsAccounting for Partnership Firms: Retirement and Death of a PartnerCompany AccountsIndian Partnership Act 1932Analysis of Financial StatementsReconstitution AdmissionBills of Exchange