Balance Sheet MCQ

Below Balance Sheet quiz are Multiple Choice Questions (MCQs) type Quiz. These Balance Sheet MCQ Questions helps you to refresh your Balance Sheet, you can see the correct option by clicking on it. .
  • 1. Select the item which is not a component of a balance sheet.

    • Fixed Assets
    • Current Assets
    • Current Liabilities
    • Expenses
  • 2. On a balance sheet, if total assets are $15,000 and Total Liabilities are $10,000. Owner's Equity will equal:

    • 5,000
    • 25,000
    • 7,500I
  • 3. 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
  • 4. What is the name given to the owner's or proprietor's account in the business?

    • Assets
    • Liability
    • Capital
    • All of the Above