You will be presented with 10 examples of financial statement elements. For each of the examples, state which element of the financial statements is being discussed.
Try to get at least 80%!
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Question 1 of 10
1. Question
Loan owed to Bank of Kigali
CorrectIncorrect -
Question 2 of 10
2. Question
Sales of safari tours to customers
CorrectIncorrect -
Question 3 of 10
3. Question
Amount paid to insurance company for 1 year of vehicle insurance
CorrectIncorrect -
Question 4 of 10
4. Question
Petty cash in a safe, to be used in the future to pay a driver to transport clients to Akagera
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Question 5 of 10
5. Question
Spare parts for VTC’s safari trucks, held in the office garage
CorrectIncorrect -
Question 6 of 10
6. Question
Amount paid to cleaner for cleaning services for office and garage
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Question 7 of 10
7. Question
Amount received from a customer as a deposit for safari trek to be provided the following month
CorrectIncorrect -
Question 8 of 10
8. Question
Cash owing to mechanic for truck repairs made last month
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Question 9 of 10
9. Question
Safari truck owned by VTC
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Question 10 of 10
10. Question
Rent paid to landlord for office location, where administrative staff work
CorrectIncorrect