Check your knowledge – Statement of Financial position/Balance sheet
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Question 1 of 6
1. Question
1 point(s)A Balance Sheet is different from an Income Statement because a Balance Sheet shows ________ ?
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Question 2 of 6
2. Question
1 point(s)Which of the following is not one of the key elements of a Balance Sheet?
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Question 3 of 6
3. Question
1 point(s)A-E=L is a correct representation of the Balance Sheet Equation
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Question 4 of 6
4. Question
1 point(s)Which of these is not a component of shareholder’s equity?
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Question 5 of 6
5. Question
1 point(s)The issuance of bond by a company will reflect on _________ of the three main components in a financial statement.
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Question 6 of 6
6. Question
1 point(s)All are impacts of buying new equipment’s on the Financial Statements except
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