Where does it go?

Exercise and reference answers

Questions

1. Question

   Machinery owned by the firm

   Choices

   1. Non-current assets
   2. Current assets
   3. Current liabilities

   Correct choice

   Non-current assets

2. Question

   Stock of finished goods

   Choices

   1. Non-current assets
   2. Current assets
   3. Shareholders funds

   Correct choice

   Current assets

3. Question

   Amount owed to suppliers

   Choices

   1. Current assets
   2. Non-current assets
   3. Current liabilities

   Correct choice

   Current liabilities

4. Question

   Share capital raised

   Choices

   1. Shareholders funds
   2. Current assets
   3. Trade payables

   Correct choice

   Shareholders funds

Instructions

Tap the head each item belongs under.

Explanation