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Quiz
1
Beginner
Which of the following would be found in the Current Assets part of the Balance Sheet?
Property, Plant and Equipment
Accounts Payable
Cash
Don’t know
2
Beginner
Which of the following is not a feature of the Balance Sheet?
Three parts: Assets, Liabilities and Equity
Represents financial position over a period of time
Represents financial position at a point in time
Don’t know
3
Beginner
What needs to balance in the Balance Sheet?
Total Assets = Total Liabilities + Total Equity
Total Assets = Total Equity
Total Assets = Total Liabilities
Don’t know
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