Finish the Term (ACCA FA)

Exercise and reference answers

Questions

1. Question

   Statement of profit or ...

   Correct

   loss

   Choices

   1. loss
   2. cash
   3. equity

2. Question

   Statement of financial ...

   Correct

   position

   Choices

   1. position
   2. results
   3. summary

3. Question

   Net realisable ...

   Correct

   value

   Choices

   1. value
   2. cost
   3. margin

4. Question

   Trade ...

   Correct

   receivables

   Choices

   1. receivables
   2. earnings
   3. reserves

5. Question

   Share ...

   Correct

   capital

   Choices

   1. capital
   2. expense
   3. margin

Instructions

Tap the word that completes the term.