Balance Sheet
11th Grade
•14 Qs
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Balance Sheet
Quiz
•
Other
•
11th Grade
•
Easy
Tianyi Fan
Used 5+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one is right?
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
Classify Bank/Cash at bank
Current assets
Non-current Assets
Current liabilities
Revenue
Owner's Equity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Classify Drawings
Current assets
Non-current Assets
Current liabilities
Non-Current Liabilities
Owner's Equity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Classify GST Clearing
Current assets
Non-current Assets
Current liabilities
Non-Current Liabilities
Owner's Equity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Classify Prepaid Rent expense
Current assets
Non-current Assets
Current liabilities
Non-Current Liabilities
Owner's Equity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Classify Accounts receivable
Current assets
Non-current Assets
Current liabilities
Non-Current Liabilities
Owner's Equity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Classify Accounts payable
Current assets
Non-current Assets
Current liabilities
Non-Current Liabilities
Owner's Equity
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