WorksheetsQ1 3A1
Total questions: 10
Worksheet time: 8mins
The balance sheet is a table with two columns
Expenses and income
Expenses and liabilities
Assets and liabilities
Assets and income
The balance sheet is a snapshot of the organization's financial position at a given point in time.
True
False
The asset corresponds to:
what the company owns
how the company finances what it owns
The loans belong to:
Assets
Liabilities
The result for the fiscal year is within:
Fixed assets
Current assets
Debts
Equity
The main year-end documents are:
income statement
net margin
Gross domestic product
The balance sheet and income statement must be prepared every :
3 months
6 months
12 months
18 months
The income statement allows you to analyze :
The financial structure of the company
The company's activity
The solvency of the company
How is net income calculated?
Total expenses – total liabilities
Total income-total expenses
total assets – total revenue
Financial income + current income + extraordinary income – corporate income tax
Which of the following items should not be included in the income statement?
The principal of the loans
Interest on loans
Sales
