Balance sheet

What is a balance sheet?

• A financial statement

• An annual overview

• A bank slip

• All of these

What does the left side of the balance sheet show?

• Total assets of the company

• Current liabilities

• Long term liabilities

• Total liabilities

What does the right side of the balance sheet show? (Among other things)

• Current assets

• Account payables

• Inventories

• Short-term liabilities

If you want to look at company performance after one business year where do you find that?

• Balance sheet

• Assets

• Profit and Loss Account

• None of these

Is consistent growth always ethical?

• Absolutely

• No, there should be limits

• I do not know

• It is not always ethical

If the short term liabilities are 40k and cash in back is 70k is the company solvent?

• It is solvent

• It is not solvent

• I do not know

What does "Equity" tell us?

• How much of the company's wealth belongs to us

• How much of the company's wealth belongs to banks

• How much we owe for short term liabilities

• How much wealth we lost during one year

What do liabilities tell us?

• How much of the company's wealth does not belong to us

• None of the mentioned

• How many assets we have

Draw a pineapple wearing sunglasses, driving a car with wind in his hair

Which one of these is the quickest way to cover for short term liabilities?

• Long-term assets

• Inventory

• Cash in bank

• Intangible assets