Sole Proprietor Financial Statements

Sole Proprietor Financial Statements

Assessment

Flashcard

Other

11th Grade

Hard

Created by

Vindu Arora

FREE Resource

Student preview

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20 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Snapshot of assets, liabilities, equity

Back

Balance Sheet

2.

FLASHCARD QUESTION

Front

Revenue, expenses, profit/loss

Back

Income Statement

3.

FLASHCARD QUESTION

Front

Cash inflows and outflows

Back

Cash Flow Statement

4.

FLASHCARD QUESTION

Front

Resources owned by business

Back

Assets

5.

FLASHCARD QUESTION

Front

Obligations owed by business

Back

Liabilities

6.

FLASHCARD QUESTION

Front

Owner's claim after liabilities

Back

Owner's Equity

7.

FLASHCARD QUESTION

Front

Income from sales/services

Back

Revenue

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