QUESTION 1 Which convention is designed to provide guidance on the recognition of cost for non-current assets? Money measurement Historical cost Realisation Matching QUESTION 6 By creating a provision for depreciation, a company: Increases the balance on a company's current bank account. Decreases the value of working capital. Decreases the balance on a company's current bank account. None of the other answers. QUESTION 10 Which one of the following is not a current asset? Inventory Trade receivables Trade payables All of the other answers QUESTION 14 A prepayment is when: A company uses now but pays for later in the future. A company uses now and pays for now. A company uses later in the future but pays for now. A company uses later in the future and pays for later in the future. QUESTION 16 Which part of equity can be paid to shareholders? Share capital Capital reserves Revenue reserve Disposable assets