Knowledge Base

Working capital requirement is always negative for a healthy company.

True

False

Working capital

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What is the fundamental principle of the income statement under the General Chart of Accounts?

Cash accounting

Accrual accounting

Cost accounting

Budget accounting

What is the definition of an asset according to Article 211-1 of the PCG?

An obligation of the entity toward a third party

An identifiable element of the estate with a positive economic value

Income for the fiscal year

A future expense

Under IAS 1, which principle guides the presentation of financial statements for listed companies?

Going concern

Profit smoothing

Systematic offsetting of line items

Omission of historical data

Under Article 112-2 of the General Chart of Accounts, which element is distinctly highlighted in the balance sheet?

Income and expenses for the fiscal year

Equity

Tangible fixed assets

Long-term debts

Categorize items by dragging them to the appropriate zones

Items to categorize:

Tangible fixed assets

Short-term debts

Cash and cash equivalents

Equity

Categories:

Assets

Liabilities

Liabilities are ordered by increasing liquidity according to the General Chart of Accounts.

True

False