Balance sheet

Balance sheet

9th - 11th Grade

17 Qs

quiz-placeholder

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Balance sheet

Balance sheet

Assessment

Quiz

Other

9th - 11th Grade

Practice Problem

Medium

Created by

Hozefa Seh

Used 1+ times

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A balance sheet can be prepared for any date or period of time?

True
False

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A balance sheet has four sections:  1)heading 2)assets 3) liabilities and 4)

credits
debits
owner's equity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

On a balance sheet, if total assets are $15,000 and Total Liabilities are $10,000.  Owner's Equity will equal:

5,000
25,000
7,500I

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounts Payable is a:

Current Asset
Current Liability
Non Current Asset
Non Current Liability

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounts Receivable is a:

Current Asset
Current Liability
Non Current Asset
Non Current Liability

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An building is a:

Current Asset
Current Liability
Non Current Asset
Non Current Liability

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A mortgage is a:

Current Asset
Current Liability
Non Current Asset
Non Current Liability

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