Class Pages  >  Exams  >  Submit for Grade  >  Balance Sheet Exam - page 308

STRUCTURE OF A BALANCE SHEET EXAM

A balance sheet has specific parts an is organized around a Basic Accounting Equation. This exercise will reinforce your understanding of its parts and how it is organized.

  • Instructions:
  • 1) Print out this sheet
  • 1) Fill out this page
  • 2) Fill in the name of each category of asset and liability,
             ie. the answer to 1. under assets is: current asset
  • 2) Fill in the name of each category of asset and liability,
       ie. the answer to 1. under assets is: current asset
  • 3) Give a short definition of each category
  • 4) Provide a short list of examples
  • 5) Complete the equation on the bottom
  • 6) No numbers are to be used on this page! Find the answers as terms or phrases!

Name: ______________________________________

Name: 

Date: ______________________________________

Date:   

Balance Sheet
Assets Liabilities
1. __current asset___________ 1. _________________________________________ 1.
Define: Define:
 
 
 
Examples: Examples:
 
 
 
2. _________________________________________ 2. _________________________________________
Define: Define:
 
 
 
Examples: Examples:
 
 
 
______________________________________________ - ______________________________________________
  = ______________________________________________
 
 

Remember: There are NO NUMBERS used to fill in any blank on this page!

Submit this page for a grade by mailing to:

  • Karen Harlan
  • PO Box 1475
  • Seagraves, TX 79359
or fax to: (806) 546-0079