WorksheetsBalance Sheet quiz
Total questions: 5
Worksheet time: 4mins
Name
Class
Date
1.
What is a Balance Sheet
a)
A balance sheet is a document that shows the company's profit and loss
b)
It is a financial statement that reports a company's assets ,liabilities and shareholder's equity
2.
Which of the following does not belong to the liabilies
a)
Phone bill
b)
Bank loan
c)
Owing a friend
d)
fixed deposit
3.
A property owed by an individual
(a)
4.
The value of all assets minus the value of all liabilities is (a)
5.
Debts and Final obligations are........
a)
Liabilities
b)
Assets
c)
Negative equity
d)
Property
100 %
