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Balance sheet example questions. Take a look at this balance sheet for The Great American Department Store. Therefore it is a current liability. As you can see the report form presents the assets at the top of the balance sheet.
This is the net profit and is calculated using a simple income statement. 6 7 8 9 6 7 9 10 5 6 7 10 11 11 12 17 4. Green as at 31 March 2015.
Your answer should be. This is because you made a profit. Cash and cash equivalents 62000.
Its now 15575 even though youve only put 15000 into the business which was the original amount. Example of a comparative balance sheet. Based on the information available Total Liabilities.
A simplified proper fraction like. Given below are important MCQs on Balance Sheet to analyse your understanding of the topic. The additional column allows the reader to see how the most recent amounts have.
Explain the type of items which appear under the liability side of a balance sheet. Excerpts from Aultman Corporations comparative balance sheet appear below. What types of items appear under the assets side.
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