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WorksheetsIncome Statement vs. Balance Sheet
Total questions: 22
Worksheet time: 11mins
Rent goes on the
Income Statement
Balance Sheet
Building goes on the
Income Statement
Balance Sheet
Office Equipment goes on the
Income Statement
Balance Sheet
Office Expenses goes on the
Income Statement
Balance Sheet
Cash goes on the
Income Statement
Balance Sheet
Land goes on the
Income Statement
Balance Sheet
Revenue goes on the
Income Statement
Balance Sheet
Assets go on the
Income Statement
Balance Sheet
Advertising Expense goes on the
Income Statement
Balance Sheet
Sales go on the
Income Statement
Balance Sheet
Profit goes on the
Income Statement
Balance Sheet
Salary Expense goes on the
Income Statement
Balance Sheet
Accounts Receivable goes on the
Income Statement
Balance Sheet
Accounts Payable goes on the
Income Statement
Balance Sheet
You would see "For the year ended April 30, 2021" on the
Income Statement
Balance Sheet
You would see "April 30, 2021" on the
Income Statement
Balance Sheet
You would see "M. Tee" on the
Income Statement
Balance Sheet
Liabilities go on the
Income Statement
Balance Sheet
Which one needs matching totals?
Income Statement
Balance Sheet
Owner's Equity =
Assets - Liabilities
Liabilities - Assets
Which asset goes first on the Income Statement?
Cash
Assets don't go on the Income Statement
Accounts Receivable
Where does Revenue go on the Balance Sheet?
First Asset
First Liability
It goes on the Income Statement, not Balance Sheet
