1.1 Match the term/concept in COLUMN A with the correct explanation in
COLUMN B. Only indicate the letter of your choice next to the number
in the ANSWER BOOK, e. g.
1.1.6
G.
(5)
o
COLUMN A
Current Assets
р P
1.1.1
COLUMN B
A Investment over a period of 1 year.
B Consumable stores not used at the end of
the financial year.
1.1.2
Equity
1.1.3
Non-Current
Assets
C Mortgage bond to finance the purchase of
new building.
D Distributable reserve such as Retained
Income.
1.1.4
Current Liability
1.1.5
Non-Current
Liability
E Amount due to SARS in respect of income
tax.