Kia Ora This is a quiz to test your knowledge after you have completed the 2011 Sample Paper for 1.3 [Prepare financial statements for sole proprietors]
Accounts Payable
Accounts Receivable
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Asset
Liability
Expense
Equity
Income
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Asset
Liability
Expense
Equity
Income
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True
False
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True
False
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Accounts Payable
Accounts Receivable
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True
False
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True.
False.
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Asset
Liability
Negative Income
Negative Equity
Income
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Asset
Liability
Expense
Negative Equity
Income
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Asset
Liability
Negative Income
Negative Equity
Income
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True.
False.
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Asset
Liability
Expense
Negative Equity
Income
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Cash Received for Sales
Invoices on Hand for Sales
Cash Paid for Purchases
Invoices on Hand for Purchases
Sales Salaries Paid
Other Expenses Paid
Drawings of Cash
Drawings of Inventory
Depreciation on Shop Fittings
Interest Received
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