Financial Statements - The Balance Sheet
Quiz by Guerline Joseph
Feel free to use or edit a copy
includes Teacher and Student dashboards
Measure skillsfrom any curriculum
Measure skills
from any curriculum
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
With a free account, teachers can
- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet
15 questions
Show answers
- Q1Which of the following is NOT a component of the balance sheet?ledgersassetsliabilitiescapital30s
- Q2Which of following is shown in the balance sheet?expensesclosing stockturnoveropening stock30s
- Q3___________ is added to the opening capital.drawingsclosing stockcreditorsnet profit30s
- Q4Accounts payable can also be considered _______________.creditorsdebtorscashstock30s
- Q5These represent investments made by the owner of the company.drawingsliabilitiescapitalinventory30s
- Q6Capital can also be considered as ______________.equitydepositscreditorsdrawings30s
- Q7Capital can also be considered as ______________.depositsequitycreditorsdrawings30s
- Q8Fixed assets are always listed in order of ____________.liquiditycostpermanencydebt30s
- Q9Closing stock is a _________.capitalcurrent assetfixed assetliability30s
- Q10Individuals to whom money is owed.debtorsinvestorscreditorscustomers30s
- Q11Suppliers can also be considered as ____________.debtorscreditors30s
- Q12Debtors accounts can also be referred to as _____________.liabilitiesaccounts payableaccounts receivablefixed assets30s
- Q13Which of the following does NOT depreciate?equipmentmotor vanlandbuilding30s
- Q14Which of the following is a long-term liability?rent receivedmortgage payablecreditorsaccounts payable30s
- Q15Depreciation applies only to ____________.current assetsequityliabilitiesfixed assets30s