A-Level CAIE Business A2 10.1.2—Statement of financial position Question Bank

• Statement of financial position

- the meaning and purpose of statement of financial position

- the contents of a statement of financial position including non-current assets, current assets, current liabilities, net current assets, net assets, non-current liabilities, reserves and equity

- amendment of a statement of financial position

- the relationships between items in the statement of profit or loss and the statement of financial position