
Assets and Liabilities

Quiz
•
Business
•
11th Grade
•
Medium
Used 128+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is it an asset or a liability? Petrol for a taxi company
Asset
Liability
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Asset or Liability: Cash in a sweet shop
Asset
Liability
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Asset or Liability: Mortgage taken out by the sweet shop
Asset
Liability
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Asset or Liability? A phone bill
Asset
Liability
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An overdraft is when you spend more money than you have in your bank account - is that an asset or a liability?
Asset
Liability
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a current asset?
Cash
Car
Mortgage
Overdraft
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a current asset
Money owed to suppliers
Money owed to the business by customers (debtors)
Car
Shop
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