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Level 3 Session 3 Assets-Liability

Total questions: 9

Worksheet time: 5mins

Name
Class
Date
1.

An Internet Bill ?

a)

Asset

b)

Liability

2.

Your Car which you rented out to someone...

a)

Real Asset

b)

Real Liability

3.

Personal Car used by you

a)

Real Asset

b)

Real Liability

4.

The laptop used to make Apps for putting on PlayStore

a)

Asset

b)

Liability

5.

Jewellery

Is it a Real Asset or a Real Liability ??????

a)

Real Asset

b)

Real Liability

6.

Truck owned by a Transport Company

a)

asset

b)

liability

7.

Home owned and rented out

a)

asset

b)

liability

8.

Bank loan

What it is ?

a)

asset

b)

liability

9.

Furniture.

Is it a Real Asset or a Real Liability ??????

a)

asset

b)

liability