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Subjects / JC Business Studies / Strand 2: Enterprise

Financial statements

Trading, profit and loss account and the balance sheet.

In review 3rd Year Common
Helps to know first: Double-entry bookkeeping
22practice questions

Fill the gaps: 1 · Match the pairs: 2 · Multiple choice: 5 · Numeric answer: 11 · Put in order: 1 · Written answer (self/teacher assessed): 2

Each question has up to three hints, a worked explanation, and is tracked in your progress and review plan.

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Try a question

Numeric answer
From a balance sheet: current assets total €16600; current liabilities total €5400. Calculate the working capital (in €).
Whole numbers, decimals (2.5) or fractions (3/4).
Hint 1

Working capital = current assets − current liabilities.

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