Which of the following are non-current assets?1 point10% loan; bonds payable; a long term lease obligation Money you owe to a supplier; 10% loan interest (unpaid); Money owed to HMRC Rent paid in advance; unsold inventory; cash Computer; motor vehicle; machinery 3

Which of the following are non-current assets?1 point10% loan; bonds payable; a long term lease obligation

Money you owe to a supplier; 10% loan interest (unpaid); Money owed to HMRC

Rent paid in advance; unsold inventory; cash

Computer; motor vehicle; machinery

3.

Question 3

Which of the following are non-current liabilities?

1 point

Computer; motor vehicle; machinery

Money you owe to a supplier; 10% loan interest (unpaid); Money owed to HMRC

Rent paid in advance; unsold inventory; cash

10% loan; bonds payable; a long term lease obligation

4.

Question 4

Which of the following are capital?

1 point

Money owed to HMRC; an unpaid invoice from a supplier; bank overdraft

Profit for the year; a car given to the business by the owner; the owner taking money from the till for own use

Rent paid in advance; a customer who owes you money; unpaid debt for the sale of computer software

Motor vehicle; computer; machinery

5.

Question 5

Please select all of the following that would be classified as revenue expenditure.

1 point

Repairs on machine equipment

Electricity bil

Redecoration of building

Purchase of goods for resale

Purchase of building

Wages

Cost of transporting machine equipment to its place of use

Interest on 10% loan

Purchase of land

Extension to building

Purchase of machine equipment