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Balance Sheet Quiz

Authored by Accounting SI

Mathematics

University

Used 2+ times

Balance Sheet Quiz
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9 questions

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1.

MULTIPLE SELECT QUESTION

1 min • 1 pt

What are the three main sections of a balance sheet?

Assets

Equity

Revenue

Expenses

Liability

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The accounts on the balance sheet are ordered by liquidity under their respective sections

True

False

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Is cash on the balance sheet?

Yes

No

4.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Which accounts are under the equity account (Select all that apply)?

Dividends

Common stock

Retained earnings

Account Payable

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is considered an asset

Unearned revenue

Notes payable

Prepaid expenses

Short term loans

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Dividends are listed under which section?

Assets

Liabilities

Equity

None of them

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Unearned Revenue is listed under which section?

Assets

Liabilities

Equity

None of them

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