Current Liability – NBC Institute

FA – Mar/July 2020 – L1 – SA – Q19 – Financial Statements (Preparation of Statement of Profit or Loss, Statement of Financial Position, Cash Flow Statement, and Statement of Changes in Equity)

Identifying a current liability in a financial statement

Question

Which of the following items is a current liability in the financial statements of Institute of Chartered Administrators?
A. Subscription in arrears
B. Prepaid salaries
C. Depreciation
D. Accounts receivables
E. Subscription in advance

Answer

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Tags: Current Liability, Financial Statements, Subscription
Level: Level 1

Topic: Financial Statements (Preparation of Statement of Profit or Loss, Statement of Financial Position, Cash Flow Statement, and Statement of Changes in Equity)
Series: MAR/JULY 2020

Question Tag: Current Liability

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FA – Mar/July 2020 – L1 – SA – Q19 – Financial Statements (Preparation of Statement of Profit or Loss, Statement of Financial Position, Cash Flow Statement, and Statement of Changes in Equity)

Identifying a current liability in a financial statement

FA – Mar/July 2020 – L1 – SA – Q19 – Financial Statements (Preparation of Statement of Profit or Loss, Statement of Financial Position, Cash Flow Statement, and Statement of Changes in Equity)

Identifying a current liability in a financial statement

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FA – Mar/July 2020 – L1 – SA – Q19 – Financial Statements (Preparation of Statement of Profit or Loss, Statement of Financial Position, Cash Flow Statement, and Statement of Changes in Equity)

Identifying a current liability in a financial statement

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FA – Mar/July 2020 – L1 – SA – Q19 – Financial Statements (Preparation of Statement of Profit or Loss, Statement of Financial Position, Cash Flow Statement, and Statement of Changes in Equity)

Identifying a current liability in a financial statement

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