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Financial Statement Identification: Mark each of the accounts listed in the following table as follows:

1) In column (1) indicate in which financial statement (SCI) Statement of Comprehensive Income or (SFP) Statement of Financial Position, the account belongs.

2) In column (2) indicate whether the account relates to a current asset (CA), current liability (CL), expense (E), non-current asset (NCA), long-term debt (LTD), revenue (R), or shareholder equity (SE).

Question 1.

Account Name	Statement	Type of Account
Trade and other payables (Creditors)	SFP	CL
Trade receivables (Debtors)	SFP	CA
Current portion of long-term borrowing	SFP	LTD
Accumulated depreciation	SCI	E
Administrative expenses	SCI	E
Buildings	SFP	NCA
Cash	SFP	CA
Ordinary share capital (at par)	SFP	SE
Cost of goods sold	SCI	R
Depreciation	SCI	E
Equipment	SFP	NCA
General expenses	SCI	E
Finance costs	SFP	CL
Inventories (trading stock)	SCI	CA
Land	SFP	NCA
Long-term debts	SFP	LTD
Machinery	SFP	NCA
Cash equivalents	SFP	CA
Short term borrowing	SCI	E
Share premium	SFP	SE
Preference share capital	SFP	SE
Preference share dividends	SFP	SE
Retained earnings	SFP	SE
Sales revenue	SCI	CA
Selling expenses	SCI	E
Taxes	SCI	E
Vehicles	SFP	NCA

Financial Statement Identification: Mark each of the accounts listed in the following table as follows:

1) In column (1) indicate in which financial statement (SCI) Statement of Comprehensive Income or (SFP) Statement of Financial Position, the account belongs.

2) In column (2) indicate whether the account relates to a current asset (CA), current liability (CL), expense (E), non-current asset (NCA), long-term debt (LTD), revenue (R), or shareholder equity (SE).

Question 1.

Account Name	Statement	Type of Account
Trade and other payables (Creditors)	SFP	CL
Trade receivables (Debtors)	SFP	CA
Current portion of long-term borrowing	SFP	LTD
Accumulated depreciation	SCI	E
Administrative expenses	SCI	E
Buildings	SFP	NCA
Cash	SFP	CA
Ordinary share capital (at par)	SFP	SE
Cost of goods sold	SCI	R
Depreciation	SCI	E
Equipment	SFP	NCA
General expenses	SCI	E
Finance costs	SFP	CL
Inventories (trading stock)	SCI	CA
Land	SFP	NCA
Long-term debts	SFP	LTD
Machinery	SFP	NCA
Cash equivalents	SFP	CA
Short term borrowing	SCI	E
Share premium	SFP	SE
Preference share capital	SFP	SE
Preference share dividends	SFP	SE
Retained earnings	SFP	SE
Sales revenue	SCI	CA
Selling expenses	SCI	E
Taxes	SCI	E
Vehicles	SFP	NCA

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