Balance Sheet Made Simple
5 Questions
| Total Attempts: 244
This quiz tests knowlwdge about the Annual Balance Sheet.
Questions and Answers
- 1.What is an asset?
- A.
A possession with monitary value
- B.
A liability
- C.
A debt
- D.
Apossession without monitary value
- 2.What is a liability
- A.
A possession
- B.
A debt
- C.
A picture
- D.
A motorcar
- 3.Money used to start a business is called ?
- 4.Another name for money is ?
- 5.Goods bought for resale is called?
- A.
Cash
- B.
Loan
- C.
Stock
- D.
A liability
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