Test Your Understanding About Balance Sheets

The "Cash in Bank" appear on Balance Sheet as:

• Current Liability

• Non-Current (Fixed) Intangible Assets

• Current Assets

• Non-Current (Fixed) tangible Assets

The "Retained Earnings" appear on Balance Sheet as:

• Current Assets

• Shareholders' Equity

• Non-Current (Fixed) Intangible Assets

• Non-Current (Fixed) tangible Assets

The "Value of Patents" appear on Balance Sheet as:

• Current Assets

• Current Liabilities

• Non-Current (Fixed) Intangible Assets

• Non-Current Liabilities

The "Trade Receivables" appear on Balance Sheet as:

• Shareholders' Equity

• Current Liabilities

• Non-Current(Fixed) Tangible Assets

• Current Assets

The "Dividends owed to shareholders" appear on Balance Sheet as:

• Current Liabilities'

• Shareholders' Equity

• Non-Current Liabilities'

• Current Assets

The "Issued share capital" appear on Balance Sheet as:

• Non-Current(Fixed) tangible Assets

• Non-Current Liabilities

• Current Assets

• Shareholders' Equity

The "Accounts Payable" appear on Balance Sheet as:

• Current Assets

• Current Liabilities

• Non-Current(Fixed)

  Intangible Assets

• Non-Current Liabilities

The "Four-Year Bank Loan" appear on Balance Sheet as Non-Current Liabilities

• True

• False

The "Work In Progress" appear on Balance Sheet as Non-Current(Fixed) Tangible Assets

• True

• False

Answer explanation

The "Company Car" appear on Balance Sheet as Current Assets

• True

• False

Answer explanation