Balance Sheets (AQA A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What type of financial document is a balance sheet?
What type of financial document is a balance sheet?
A snapshot at a specific point in time
How is working capital calculated?
How is working capital calculated?
Current assets - current liabilities
How long are non-current assets typically kept by a business?
How long are non-current assets typically kept by a business?
More than a year
When must current liabilities be paid off?
When must current liabilities be paid off?
Within a year
At what value should stock be recorded on the balance sheet?
At what value should stock be recorded on the balance sheet?
Lower of cost or net realisable value
Which is NOT a reason why assets depreciate?
Which is NOT a reason why assets depreciate?
Property prices rising over time
How are bad debts treated in business accounts?
How are bad debts treated in business accounts?
Written off as an expense
Which factor increases working capital needs?
Which factor increases working capital needs?
Inflation raising costs of wages & stock
What does working capital represent?
What does working capital represent?
Finance available for day-to-day spending
What does a quick increase in non-current assets suggest?
What does a quick increase in non-current assets suggest?
Investment in a growth strategy