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- 1. Multiple Choice
Accounts Receivable
Current Asset
Non Current Asset
Income
Liability
- 2. Multiple Choice
GST payable
Administratvie Expense
Distribution Cost
Current Liability
Current Asset
- 3. Multiple Choice
Accrued Income
Current Asset
Income
Current Liability
Other Income
- 4. Multiple Choice
Inventory
Non Current Asset
Intangible Asset
Current Asset
Distribution Cost
- 5. Multiple Choice
Mortgage due 2030
Non Current Liability
Current Liability
Distribution Expense
Finance Cost
- 6. Multiple Choice
Depreciation on Shop Equipment
Administrative cost
Finance Cost
Distribution Cost
- 7. Multiple Choice
Accrued Expenses
Current Liability
Current Asset
Non Current Liability
Administrative Expense
- 8. Multiple Choice
Drawings
Expense
Income
Asset
Goes in Equity section
- 9. Multiple Choice
Prepayments
Current Asset
Current Liability
Administrative cost
Expense
- 10. Multiple Choice
Bad Debts
Distribution Cost
Administrative Cost
Finance Cost
- 11. Multiple Choice
Advertising
Administrative Expense
Distribution Cost
Finance Cost
- 12. Multiple Choice
Bank Overdraft
Current Asset
Current Liability
Non Current Asset
Expense
- 13. Multiple Choice
Shares in the warehouse
Intangible asset
Investment asset
Distribution Expense
- 14. Multiple Choice
Income in Advance
Current Asset
Current Liability
Non Current Asset
Income
- 15. Multiple Choice
Rent Received
Other Income
Distribution Expense
Income
- 16. Multiple Choice
General Expenses
Administrative expenses
Distribution Costs
Finance costs
- 17. Multiple Choice
Rates
Distribution costs
Administrative Expenses
Finance Costs
- 18. Multiple Choice
Shop Wages
Distribution costs
Finance costs
Administrative expenses
- 19. Multiple Choice
Shop Equipment
Investment Asset
Distribution Costs
Finance Costs
PPE Asset
- 20. Multiple Choice
Accounts Payable
Current Liabiltiy
Current Asset
Distribution Expense
Finance Cost
- 21. Multiple Choice
Interest Received
Other Income
Finance Cost
Main Source of Income
Expense
- 22. Multiple Choice
Interest on Loan
Other income
Finance Cost
Administrative Expense
Distribution Cost
- 23. Multiple Choice
Term deposit
Intangible asset
Investment asset
PPE
Current Asset
- 24. Multiple Choice
Dividends Received
Current Asset
Other Income
Main Source of Income
Sales
- 25. Multiple Choice
Goodwill
Intangible Asset
Investment Asset
PPE Asset
Income
- 26. Multiple Choice
Telephone and Internet
Administrative Expense
Distribution Cost
Finance Cost
- 27. Multiple Choice
Sales
Main source of Income
Other Income
Something Random
- 28. Multiple Choice
Accountancy Fees
Distribution Costs
Finance Cost
Administrative Cost
- 29. Multiple Choice
Accumulated Depreciation on Shop Fittings
Nothing happens to it
Gets taken off Shop fittings in PPE note
Distribution Expense
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