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Cambridge IGCSE Business Studies practice

Paper 1 structured question: Statement of financial position

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Statement of financial position

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Paper 1Short Answer and Data Response1 marks

A company has total assets of $500,000 and total liabilities of $300,000.

Description

Company Financial Data

The company’s financial position is summarized as follows: Total Assets: $500,000; Total Liabilities: $300,000.

  1. a

    State the total equity of the company.

    Aim for approximately 1 distinct marking point.

    [1]

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Paper 1 structured question: Statement of financial position

Paper 1Short Answer and Data Response2 marks

Description

Business Financial Data

The business’s current financial position is as follows: Current Assets: $150,000; Current Liabilities: $100,000.

  1. a

    Identify the working capital of the business.

    Aim for approximately 2 distinct marking points.

    [2]