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ScotlandAccountingQuick questions
Financial Accounting
Quick questions on Statement of financial position (balance sheet) for a sole trader - SQA National 5 Accounting
3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Classify a delivery van and a bank overdraft. [2 marks]
What is q2?Show answer
Current assets , current liabilities . Find working capital. [1 mark]
What is q3?Show answer
Opening capital , profit , drawings . Find closing capital. [2 marks]
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