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WorksheetsNAME IT!
Total questions: 10
Worksheet time: 3mins
debts owed by the business
assets
liabilities
capital
revenue
Owned by the business.
asset
liabilities
capital
revenue
Accounting Equation
assets = liability + revenue
assets + liabilities = capital
assets = liabilities +capital
asset-revenue = capital
Which of the following is a current asset?
land
building
automobile
cash
Statement of Financial Position is also known as
Income Statement
Balance Sheet
Trial Balance
Adjusting Entries
Refers to the investments of the business.
assets
liabilities
capital
revenue
Cash on Hand
current asset
noncurrent asset
current liability
noncurrent liability
building
current asset
noncurrent asset
current liability
noncurrent liability
accounts payable
current asset
noncurrent asset
current liability
noncurrent liability
Bond payable
current asset
noncurrent asset
current liability
noncurrent liability
