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11thgrade

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Chapter 24: Balance Sheets

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  • 1. Multiple Choice
    30 seconds
    1 pt
    Which of these does a balance sheet show
    How much gross profit a business made
    Its total revenue
    What a business owns and owes
    How much it paid in rent
  • 2. Multiple Choice
    45 seconds
    1 pt
    What period of time does a balance sheet cover?
    One quarter
    One moment in time
    One year
    One tax year
  • 3. Multiple Choice
    45 seconds
    1 pt
    Which of these might appear on a balance sheet?
    Cost of sales
    Cash flow forecast
    Staff salaries
    Creditors
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