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Worksheets

Assets/Liabilities/Owner's Equity

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Paying 6 months of insurance in advance is?

a)

Asset

b)

Liability

c)

Owner's Equity

2.

Accounts Receivable is?

a)

Asset

b)

Liability

c)

Owner's Equity

3.

Supplies are?

a)

Asset

b)

Liability

c)

Owner's Equity

4.

Inventory is

a)

Asset

b)

Liability

c)

Owner's Equity

5.

Accounts Payable is

a)

Asset

b)

Liability

c)

Owner's Equity

6.

Sales Tax Payable is

a)

Asset

b)

Liability

c)

Owner's Equity

7.

Will Smith, Capital is

a)

Asset

b)

Liability

c)

Owner's Equity

8.

Will Smith, Drawing is

a)

Asset

b)

Liability

c)

Owner's Equity

9.

Sales are

a)

Asset

b)

Liability

c)

Owner's Equity

10.

Expenses are

a)

Asset

b)

Liability

c)

Owner's Equity