Section Two | Balance Sheet Exam

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Section Two

Financial Training

Section Two | Balance Sheet ExamChieftain2017-12-13T01:56:58+00:00

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) 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
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!

FM | Structure Balance Sheet Exam

Name*
First Last
Address*
City State
Date*
MM slash DD slash YYYY
Balance Sheet
Asset Category*
1.
Liability Category*
1.
Define:*
Define:
Define:*
Define:
Examples:*
Examples:
Examples:*
Examples:
Asset Category*
2.
Liability Category*
2.
Define:*
Define:
Define:*
Define:
Examples:*
Examples:
Examples:*
Examples:
Equation
Balance Sheet Equation*
Please list the balance sheet equation below. Remember: There are NO NUMBERS used to fill in any blanks on this exam!