Flip and match the balance sheet terms

Exercise and reference answers

Matching pairs

1. A

   Assets

   B

   Things owned

2. A

   Liabilities

   B

   Debts owed

3. A

   Owners equity

   B

   Net worth

4. A

   Liquidity

   B

   Speed to cash

5. A

   Depreciation

   B

   Cost spread out

6. A

   Goodwill

   B

   Paid above assets

Instructions

Flip two cards to find a term and the idea behind it.

Explanation