Assets, Liabilities, Capital
Authored by alison stivala
Business
9th - 12th Grade
Used 3+ times
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a definition of an Asset?
What the owner starts with
What is owed to other people
What is owned by the business
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a good definition of Capital?
All that is owned by the business
All that is owned by the owner
The amount that the owner has put into the business
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A good definition of Liabilities is
All that is owned by the business
All that is owed by the business
What the owner has put into the business
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Accounting Equation is
Assets = Capital + Liabilities
Capital = Assets + Liabilities
Assets + Capital = Liabilities
Bank = Owner - Loan
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an Asset?
furniture owned by the business
What the owner put into the business
A loan
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a Liability?
What the owner put in
Owner’s personal money
A loan from A Azzopardi
A loan to D Zammit
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