IB Diploma Programme (DP) - SL & HL · Business management

3.4 Final accounts: Practice Questions

5 multiple-choice questions marked as you go, and 1 written questions with worked solutions. All on 3.4 Final accounts.

6 questions7 marksFree, no account

Question 1

1 mark

Which of the following would lead to an increase in the total equity of a company?

Question 2

1 mark

If a firm's Gross Profit Margin is increasing while its Net Profit Margin is decreasing, which of the following is the most likely cause?

Question 3

1 mark

In the context of final accounts, what does the matching principle (accruals concept) require a business to do?

Question 4

1 mark

Which of the following items is classified as an intangible asset on a company's Statement of Financial Position (Balance Sheet)?

Question 5

1 mark

In which section of the Balance Sheet (Statement of Financial Position) would a business list its "Accounts Receivable"?

Question 6

2 marks

In the Profit and Loss Account, what is the correct term for the final amount remaining after all operating expenses, interest, and tax have been deducted from revenue?

Write your answer out first, then check it against the worked solution.

* The content provided by thinka is generated by AI and may not always be accurate or up-to-date. Please use it as a supplementary resource and verify with official materials.

You've seen the model answer. Now get yours marked.

This page can show you how a good answer looks. It cannot tell you what your answer was missing. thinka marks your written work against the real mark scheme in about 15 seconds.

Get My Answers Marked Back to the notes

Want more questions like these? Get a fresh set on this topic, marked as you go.

Practise More