
Balance Sheet
Authored by Kewayne Davidson
Business
9th - 10th Grade
Used 294+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
How do we calculate Total Assets?
Fixed Assets - Current Liabilities
Current Assets / Current Liabilities
Fixed Assets + Current Assets
Fixed Assets - Current Assets
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Whcih of the following consist of only assets?
Car, Bank Loan, Computer
Creditor, Debtors, Cash at Bank
Debtors. Cash at bank, Building
Cash in hand, cash at bank, creditors
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Select the item which is a fixed asset
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A _______________ is a resource that is owned by a business.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Select the item which is not a component of a balance sheet.
Fixed Assets
Current Assets
Current Liabilities
Expenses
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Select which two items we use when we are calculating the Net Assets/ Working Capital
Total Assets
Financed by
Capital
Total Liabilities
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calculate the total assets?
Current Assets - $100.00
Fixed Assets - $200
Current Liabilities -$300
Capital - $100
300
400
500
200
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