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CAIE IGCSE Business Studies 5.4.1 The Main Elements of a Statement of Financial Position Questions

Practise balance-sheet questions by defining categories, classifying entries and using financial position data in context.

Syllabus
2027–2029
Course
Business 0264

Exam points

  • Define non-current assets, current assets, current liabilities or shareholders' equity.
  • Classify overdrafts, receivables, payables and cash into the correct statement category.
  • Use financial position figures to support simple judgements about the business.

CAIE IGCSE Business Studies 5.4.1 The Main Elements of a Statement of Financial Position Questions question 1

[Maximum number: 6]

HRO manufactures children's toys. It is a private limited company. The main objective of HRO 's shareholders is to increase profit. This might conflict with the objectives of other stakeholder groups, including its 30 suppliers. HRO's Managing Director knows that market research can help when making marketing decisions. The Finance Director is preparing HRO's statement of financial position. An extract is shown in Table 3.1.

Table 3.1

Table 3.1

Question (a)

(a)

Define 'non-current assets'.

[ 2 ]

Question (b)

(b)

State whether each of the following would be classified as a current asset or as a current liability.

Trade receivables:
Trade payables:
Overdraft:
Inventory:

[ 4 ]
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