In which bit of the symmetry sheet do these items move about?
1) Director's remuneration
2) Investments
3) Investment income
4) Corporation tax
5) Ordinary share dividend
6) Preference share dividend
7) Last year's profit and loss balance
8) Insurance
Answers:
1. Doesn't progress on a harmonize sheet, it is an expense
2. This is an Asset usually planned underneath the heading of investments
3. Doesn't dance on a match sheet it is on the P&L statement as revenue
4. Doesn't turn on a harmonize sheet, it is on the P&L as one of the final expenses.
5 and 6, both dividends turn on the symmetry sheet beneath owner's equity as long as they hold be declared but not compensated even so.
7. Last year's profit and set off is on a set off sheet for retained earn underneath owner's equity.
8. Prepaid Insurance is planned as an asset on the symmetry sheet.
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2) Investments
3) Investment income
4) Corporation tax
5) Ordinary share dividend
6) Preference share dividend
7) Last year's profit and loss balance
8) Insurance
Answers:
1. Doesn't progress on a harmonize sheet, it is an expense
2. This is an Asset usually planned underneath the heading of investments
3. Doesn't dance on a match sheet it is on the P&L statement as revenue
4. Doesn't turn on a harmonize sheet, it is on the P&L as one of the final expenses.
5 and 6, both dividends turn on the symmetry sheet beneath owner's equity as long as they hold be declared but not compensated even so.
7. Last year's profit and set off is on a set off sheet for retained earn underneath owner's equity.
8. Prepaid Insurance is planned as an asset on the symmetry sheet.
Good Luck on your homework!