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Select the word or phrase which best matches the description of it. Description

ID: 2394875 • Letter: S

Question

Select the word or phrase which best matches the description of it.

Description Word or phrase (a) An expression about whether financial statements are presented in a reasonable fashion.

Accounts payable Accounts receivableAuditor’s opinionCompanyDecisionEquity investorsPartnership Share capital Sole trader

(b) Obligations to suppliers of goods.

Accounts payable Accounts receivableAuditor’s opinionCompanyDecisionEquity investorsPartnership Share capital Sole trader

(c) The portion of equity that results from contributions from investors.

Accounts payable Accounts receivableAuditor’s opinionCompanyDecisionEquity investorsPartnership Share capital Sole trader

(d) An entity that raises money by issuing shares.

Accounts payable Accounts receivableAuditor’s opinionCompanyDecisionEquity investorsPartnership Share capital Sole trader

(e) Amounts due from customers.

Accounts payable Accounts receivableAuditor’s opinionCompanyDecisionEquity investorsPartnership Share capital Sole trader

(f) People who make decisions to buy, hold or sell shares.

Accounts payable Accounts receivableAuditor’s opinionCompanyDecisionEquity investorsPartnership Share capital Sole trader

(g) A person operating and owning a business with no other owners.

Accounts payable Accounts receivableAuditor’s opinionCompanyDecisionEquity investorsPartnership Share capital Sole trader

(h) A business that is owned jointly by two or more individuals but that does not issue shares.

Accounts payable Accounts receivableAuditor’s opinionCompanyDecisionEquity investorsPartnership Share capital Sole trader

(i) A choice among alternative courses of action.

Accounts payable Accounts receivableAuditor’s opinionCompanyDecisionEquity investorsPartnership Share capital Sole trader

Explanation / Answer

a) Auditor's opinion b) Accounts payable c) Share capital d) Company e) Account receivable f) investors g) Sole trader h) Partnership i) Decision

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