Preparing & Formatting a Budgeted Balance Sheet


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question 1 of 3

What does a budgeted balance sheet say about a company?

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1. What are current assets?

2. What two kinds of assets factor into a company's total assets?

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About This Quiz & Worksheet

Test your knowledge of balance sheets by completing these assessments focused on the creation of a budgeted balance sheet. Knowledge of related terms and different types of assets is necessary.

Quiz & Worksheet Goals

You'll be asked about the following:

  • What assets are
  • Asset types that factor into total assets of a company
  • What budgeted balance sheets depict
  • Term that describes a company's total worth

Skills Practiced

  • Defining key concepts - ensure that you can accurately define the key term assets
  • Reading comprehension - ensure that you draw the most important information from the lesson on the creation of a budgeted balance sheet
  • Information recall - access the knowledge you've gained regarding what a liability is

Additional Learning

Learn about budget sheets by reviewing the lesson called Preparing & Formatting a Budgeted Balance Sheet. The objectives covered include:

  • Know what a fixed asset is
  • Review different liabilities
  • Understand the composition of a budgeted balance sheet