Which one is right?

Balance Sheet

Quiz
•
Business
•
4th Grade
•
Medium
Sashel Bailey
Used 12+ times
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Asset = Owner's equity + Liability
Asset = Owner's equity - Liability
Asset + Owner's equity = Liability
Asset + Owner's equity = expense
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is balance sheet?
A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure.
A Balance sheet is one of a company's core financial sheet that shows their profit and lossProfit and Loss
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one does not belongs to liability?
Mobile Phone Bill
Bank Loan
Cash at Bank
Owed To Friends
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one is not belongs to liability?
Mobile Phone Bill
Bank Loan
Bank Balance
Owed To Friends
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mr.W has current assets of $500 and total assets of $1500. ABC has current liabilities of $300 and total liabilities of $800. What is the amount of ABC's owner's equity
200
700
900
800
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would normally be a current liability?
Note Payable Due In Two Years
Unearned Revenue
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do we calculate Total Assets?
Fixed Assets - Current Liabilities
Current Assets / Current Liabilities
Fixed Assets + Current Assets
Fixed Assets - Current Assets
Create a free account and access millions of resources
Similar Resources on Quizizz
15 questions
Ch 3 Accounting Equation

Quiz
•
3rd - 4th Grade
10 questions
BANKING QUIZ

Quiz
•
1st - 5th Grade
13 questions
Business Accounting - Week 10

Quiz
•
1st - 5th Grade
10 questions
Book-keeping (Chapter 1 & 2)

Quiz
•
1st - 5th Grade
10 questions
Basic Accounting

Quiz
•
1st - 10th Grade
15 questions
QUIZ 4 : ACCOUNTING CYCLE

Quiz
•
1st Grade - University
10 questions
Bank Liquidity Quiz 2

Quiz
•
1st - 10th Grade
15 questions
ACCOUNTING EQUATION

Quiz
•
1st - 5th Grade
Popular Resources on Quizizz
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade