There are a number of essential business entries used on a balance sheet. Use the words listed below to decide which type of entry fits the definition. Once you have chosen your answers, go to the next page to see if you have answered correctly.
- fixed assets
- dividend liabilities
- current assets
- fixed assets
- intangible assents
- depreciation
- overdraft
- liquidity
- Any assets which can be used to make immediate payments = _____
- Patents, ideas, trade marks, licenses = _____
- Payments made to shareholders based on company profits = _____
- Costs and money owed = _____
- Investments, bank deposits, stock, etc. that can be easily converted into cash = _____
- Total amount borrowed from a given bank = _____
- Equipment and other assets which generally loses value over time = _____
- Property, equipment currently owned and not intended for sale = _____
