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Description
Flashcards by Sunia Abdal, updated more than 1 year ago
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Created by Sunia Abdal
over 8 years ago
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| Question | Answer |
| What should be identified on the Statement of Comprehensive Income? | - Expenses: administration, rent, travel.. - Income: depends on the type of company (i.e. sales) |
| What should be identified on the Statement of Financial Position? | -Equity: investments by owners - Non current Assets: machinery, lands.. - Current Assets: Cash, trade receivable -Non-current Liabilities: Prepayments - Current Liabilities: Loan |
| What should be identified on the Statement of Cash Flow? | - Operating activities - Investing activities - Financing activities ( received or paid interest and dividends ) |
| What should be identified on the Statement of Changes in Equity? | - Amount of total comprehensive income - Amount of dividends distributed to shareholders - Transaction with owners: Contributions and distributions |
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