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Quiz
1
Beginner
Which of the following is not a way we have covered to link the financial statements?
None of the above
Building a single formula so that it incorporates last period’s value and the current period’s movement
Creating an opening balance, movements and closing balance
Don’t know
2
Beginner
Which of the following is not a reason to remove the ‘Balance Sheet’ reference from our links inside the Balance Sheet?
It reduces the risk of errors when the sheet is copied
It causes the formula to work incorrectly
It’s easier to read without the extra bits
Don’t know
3
Beginner
How can we get the Balance Sheet to balance after we calculate our retained profits?
Copy out the inputs from the Opening Balance Sheet and delete the original contents
Delete the inputs from the Opening Balance Sheet
Ignore the errors and continue building the model
Don’t know
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