JSS3 – Business Studies: 2nd Term – Evaluation Questions | Week 10

The balance sheet heading is known as _______

Some items entered on the left hand side of the balance sheet are ________

The balance sheet equation is _________

Which of the following is written on the right-hand side of the balance sheet?

Whenever the liquid assets are written first in the balance sheet, we call it?

The financial statements that shows the assets and liabilities of a business is called?

If the balance sheet is arranged starting with the most permanent assets first, it is referred to as ________

Using the order of liquidity, which of the following assets is written first?

In order of permanence, which of these assets should be written first?

The contribution of owners of the business is called?