BALANCE SHEET

BALANCE SHEET

10th Grade

5 Qs

quiz-placeholder

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BALANCE SHEET

BALANCE SHEET

Assessment

Quiz

Other

10th Grade

Practice Problem

Hard

Created by

ICT Gauteng

Used 10+ times

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What is balance sheet?

A Balance sheet is one of a company's core financial sheet that shows their profit and loss

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure.

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following does not belongs to liability?

Mobile Phone Bill

Owed To Friends

Bank Loan

Bank Balance

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Examples of assets include:

Art collection, Jewelry, and unpaid taxes

Real Property, Car, and credit cards

Car, Jewelry, and Checking account

Real Property, Car loan, Jewelry

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The value of all assets minus the value of all liabilities equals to.....

Property

Assets

Financial obligations

Net Worth

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is considered an asset?

Debit Card

Mortgage

Bank Loan

Savings account