
Balance Sheet
Quiz
•
Business
•
4th Grade
•
Easy
Janet Gaite
Used 2+ times
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2 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Liability
Something that is legally owned by a person or company
A list of all employees and their wages
The balance of cash receipts minus cash payments over a given period of time
An obligation to settle a debt; money owed to someone
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Balance sheet
This word has 2 meanings: "stock (shares)" and "net worth"
Money that is spent to purchase goods or services provided by someone else
A detailed summary of a person's or a company's financial condition at a specific point in time, taking into account their assets, liabilities, etc.
A list of all employees and their wages
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