CH-1.1 Assets & Liabilities

CH-1.1 Assets & Liabilities

11th - 12th Grade

20 Qs

quiz-placeholder

Similar activities

Chapter 1 Accounting Terms

Chapter 1 Accounting Terms

9th - 12th Grade

18 Qs

Financial Knowledge

Financial Knowledge

9th - 12th Grade

17 Qs

Basic accounting principles ICEV

Basic accounting principles ICEV

9th - 12th Grade

15 Qs

Chapter 2 Quiz

Chapter 2 Quiz

9th - 12th Grade

15 Qs

Ramsey Vocab CH 1

Ramsey Vocab CH 1

11th - 12th Grade

17 Qs

Accounting Fundamentals- jc1 business

Accounting Fundamentals- jc1 business

11th Grade

20 Qs

FABM QUIZ GAS_ABM

FABM QUIZ GAS_ABM

12th Grade

20 Qs

BAF Ch 1 & 2 Review

BAF Ch 1 & 2 Review

11th Grade

20 Qs

CH-1.1 Assets & Liabilities

CH-1.1 Assets & Liabilities

Assessment

Quiz

Business

11th - 12th Grade

Medium

Created by

Robyn Sanders

Used 35+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Property owned by an individual

Liability

Asset

Property

Net Worth

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The value of all assets minus the value of all liabilities.

Financial obligations

Assets

Net Worth

Property

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Debts and financial obligations (responsibilities).

Liabilities

Assets

Negative Net Worth

Property

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Examples of Liabilities include which of the following:

Loans, credit cards, and real property

Loans, mortgage, and credit cards

Loans, Art collection, and savings account

Mortgage, credit card, and real property

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Positive Net Worth is defined as:

assets are less that liabilities

liabilities are greater than assets

assets are equal to liabilities

assets are greater than liabilities

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Negative Net Worth is defined as:

Assets and liabilities are the same amount

Assets are less that liabilities

Liabilities are less that assets

Assets are greater than liabilities

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Examples of assets include:

Real Property, Car, and credit cards

Car, Jewelry, and Checking account

Art collection, Jewelry, and unpaid taxes

Real Property, Car loan, Jewelry

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?