Balance Sheets Basics

Balance Sheets Basics

Assessment

Flashcard

Business

9th - 12th Grade

Hard

Created by

Brittany Felice

Used 1+ times

FREE Resource

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2 questions

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1.

FLASHCARD QUESTION

Front

What is a balance sheet?

Back

A snapshot of the company’s financial position at a given point in time.

2.

FLASHCARD QUESTION

Front

What are the 3 main reasons why businesses use balance sheets?

Back

  • 1. Meet obligations

  • 2. Attract investors 

  • 3. Secure loans