Final Accounts
0.0(0)
Studied by 0 people0.0(0)
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/6
There's no tags or description
Looks like no tags are added yet.
Last updated 3:14 PM on 9/17/25
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
7 Terms
1
New cards
Opening Statement
Shows income and expenses.
2
New cards
Statement of Financial Position
Snapshot of assets, liability and equity
3
New cards
Fixed Assets
Long-term resources. E.g. Buildings
4
New cards
Current Assets
Short-term, turned into cash within a year.
5
New cards
Current Liabilities
Short-term debts
6
New cards
Financed Buy
Sources of long-term finance. E.g. capital
7
New cards
Opening Statement
Day to day income and expenses. E.g. sales
Note 
Flashcards (31)