Balance Sheets
Other
9th - 11th Grade
Used 213+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A balance sheet can be prepared for any date or period of time?
True
False
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A balance sheet has four sections: 1)heading 2)assets 3) liabilities and 4)
credits
debits
owner's equity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
On a balance sheet, if total assets are $15,000 and Total Liabilities are $10,000. Owner's Equity will equal:
5,000
25,000
7,500I
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If Liabilities are more than the Assets, the Business's financial condition is not strong.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounts Payable is a:
Current Asset
Current Liability
Non Current Asset
Non Current Liability
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounts Receivable is a:
Current Asset
Current Liability
Non Current Asset
Non Current Liability
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An building is a:
Current Asset
Current Liability
Non Current Asset
Non Current Liability
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