What is a Balance Sheet
About the Lecture
The lecture What is a Balance Sheet by Clint Locke is from the course Archiv - Financial Accounting: Understanding the Big Picture. It contains the following chapters:
- Introduction
- Assets
- Liabilities
- Equity
Included Quiz Questions
What is a balance sheet?
- It is a snapshot of the company's financial position at a moment in time.
- It is a snapshot of the health of a business at the end of a year.
- It is a snapshot of the health of a business at the end of a day.
- It is a snapshot of the company's financial position at the end of a month.
Which of the following answers are correct?
- Liabilities are obligations of the company.
- Assets increase the value of a company.
- Assets are obligations of the company.
- Liabilities increase the value of a company.
- Equity is always the capital that a business raises by taking out a loan.
Author of lecture What is a Balance Sheet
Clint Locke
Customer reviews
5,0 of 5 stars
| 5 Stars |
|
5 |
| 4 Stars |
|
0 |
| 3 Stars |
|
0 |
| 2 Stars |
|
0 |
| 1 Star |
|
0 |
