Balance Sheet

Balance Sheet

11th Grade

14 Qs

quiz-placeholder

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Balance Sheet

Balance Sheet

Assessment

Quiz

Other

11th Grade

Easy

Created by

Tianyi Fan

Used 5+ times

FREE Resource

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which one is right?

Asset = Owner's equity + Liability

Asset = Owner's equity - Liability

Asset + Owner's equity = Liability

Asset + Owner's equity = expense

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Classify Bank/Cash at bank

Current assets

Non-current Assets

Current liabilities

Revenue

Owner's Equity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Classify Drawings

Current assets

Non-current Assets

Current liabilities

Non-Current Liabilities

Owner's Equity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Classify GST Clearing

Current assets

Non-current Assets

Current liabilities

Non-Current Liabilities

Owner's Equity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Classify Prepaid Rent expense

Current assets

Non-current Assets

Current liabilities

Non-Current Liabilities

Owner's Equity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Classify Accounts receivable

Current assets

Non-current Assets

Current liabilities

Non-Current Liabilities

Owner's Equity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Classify Accounts payable

Current assets

Non-current Assets

Current liabilities

Non-Current Liabilities

Owner's Equity

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