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Question 1:
Listed below are some items found in the financial statements of ABC Bhd.

(a) Service revenue
(b) Trade receivables
(c) Equipment
(d) Effect of exchange rate
(e) Cash and cash equivalent
(f) Inventories
(g) Fixed deposits
(h) Depreciation
(i) Net book value
(j) Repayment of loans
(k) Advertising expense
(l) Dividends
(m) Retained earnings
(n) Salaries and wages payables
(0) Finance costs
(p) Taxation expenses
(q) Total comprehensive income
(r) Issuance of shares
(s) Proceeds from disposal of plant
(t) Bank

Required: Indicate in which financial statements the above items would appear.​

Sagot :

Tundexi

Service revenue - Income statement

Trade receivables - Balance sheet

Equipment - Balance sheet

Effect of exchange rate -  Income statement.

Cash and cash equivalent - Cash flow

Inventories - Balance sheet

Fixed deposits - Balance sheet

Depreciation -  income statement, balance sheet, cash flow statement.

Net book value - Balance sheet

Repayment of loans - Income statement

Advertising expense -  Income statement.

Dividends - Retained earning statement, Cash flows, Income statement

Retained earnings - Balance sheet

Salaries and wages payables - Income statement

Finance costs - Income statement

Taxation expenses - Income statement

Total comprehensive income - Income statement.

Issuance of shares - Stockholder's Equity

Proceeds from disposal of plant - Cash flow

Bank - Balance sheet

What is a financial statements?

This refers to the written records that convey the business activities and the financial performance of a company.

The purpose of the financial statements is to give insight about the financial position and performance of an enterprise to the interested users.

Read more about financial statements

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