Liabilities

What is the balance sheet ?

• A. Is a financial statement that summarizes and reflects the total value of existing assets and the origin of those assets of an enterprise at a given time.

• B. Is a report sheet of the enterprise used to check and summarize all accounts in an accounting period including opening balance, arising balance and ending balance.

• C. Report providing information on the situation of money creation and use in the period

• D. Is a type of general ledger used to aggregate content from detailed pages or cards

2. Debts are divided into how many types?

• A. 5

• B. 4

• C. 3

• D. 2

Accrued expenses :

• A. An obligation to pay individuals and organizations

• B. Is the amount of money contributed by investors, and founders and formed from the results of business activities

• C. are payables for goods and services received from the seller or provided to the buyer in the reporting period but have not actually been paid because there are no invoices or insufficient documents and accounts. accounting data, recorded in production and business expenses of the reporting period

• D. Is the property owned by the business

On the balance sheet, Liabilities included:

• A. Short-term assets and long-term assets

• B. Tangible fixed assets and Intangible fixed assets

• C. Stocks and Bonds

• D. Short-term debt and long-term debt

What is Equity?

• A. Is the total amount of liabilities at the reporting time

• B. Is the amount of money contributed by investors, and founders and formed from the results of business activities

• C. As future pension payments to employees

• D. Short-term loans of enterprises

Equity included?

• A. The original share capital

• B. Share premium

• C. Retained earnings

• D. Reserves

• E. All

How many conditions are there to recognize a liability?

• A. 1

• B. 2

• C. 3

• D. 4

Economic Implications of capital?

• A. Reflecting the total production and business capacity of the enterprise

• B. Reflect the size and organizational structure of the sources of investment and mobilized capital in production and business activities

• C. Reflect the source of existing assets

• D. A and C

Stocks and bonds are:

• A. Current assets

• B. Long-term assets

• C. Long-term debt

• D. Short-term debt

When is the balance sheet prepared?

• A. Beginning of the year

• B. End of the year

• C. At the end of the accounting period or at the time of dissolution, division, merger, change of ownership form and time of settlement

• D. A and B