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.
- 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