balance sheets

balance sheets

10th - 11th Grade

18 Qs

quiz-placeholder

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balance sheets

balance sheets

Assessment

Quiz

Other

10th - 11th Grade

Practice Problem

Medium

Created by

Mr Crawford

Used 30+ times

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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______________-are anything of of value owned, such as cash, buildings.

Liabilities
Assets
Income Statement
Statement of Cash Flows

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If Liabilities are more than the Assets, the Business's financial condition is not strong.

True
False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An overdraft is a:

Current Asset
Current Liability
Non Current Asset
Non Current Liability

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A building is a:

Current Asset

Current Liability

Fixed Asset

Long term Liability

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A mortgage is a:

Current Asset
Current Liability
Non Current Asset
Non Current Liability

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business' inventory is a:

Current Asset

Current Liability

Fixed Asset

Non Current Liability

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a current asset?

Accounts Payable

Stock

Overdraft

Vehicle

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