• 2022-06-07
    Which of the following would normally be classified as a non-current asset and which as a current asset?Petty cash
    A: Non-current asset
    B: Current asset
  • B

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    • 0

      A bond is an example of which type of asset? ( ) A: Physical asset B: Real asset C: Financial asset D: Tangible asset E: Equity asset

    • 1

      Jacob has a bank loan, which is repayable in equal instalments over the next four years.How should this be presented in his statement of financial position? A: As a non-current liability only B: As a current liability only C: As a non-current liability only, but with an explanation in the notes to the accounts that some is expected to be paid within the current year D: Split between current liabilities and non-current liabilities

    • 2

      Which of the following current assets will not generate cash in the future?

    • 3

      A truck owned by an entity and used to transport its own goods is a(n) ( ). A: current B: equipment C: noncurrent asset D: inventory

    • 4

      Which of the following accounts is fixed asset?