Cambridge IGCSE · Business Studies (0450)

Statement of financial position: Practice Questions

4 multiple-choice questions marked as you go, and 2 written questions with worked solutions. All on Statement of financial position.

6 questions10 marksFree, no account

Question 1

1 mark

What is the correct formula for calculating working capital in a statement of financial position?

Question 2

1 mark

An enterprise takes out a long-term bank loan of $ \$10,000 $ to purchase a new delivery van. How will this transaction initially affect the statement of financial position?

Question 3

1 mark

In a statement of financial position, what does total equity represent?

Question 4

1 mark

Which of the following items would be classified as a non-current asset for a manufacturing enterprise?

Question 5

3 marks

Explain how Non-current Assets differ from Current Assets within a Statement of financial position.

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

Question 6

3 marks

Identify the purpose of the Statement of financial position and state one example of a Current Liability.

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

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