Asset or liability

Exercise and reference answers

Upper category

Asset

Lower category

Liability

Items

1. Category

   Asset

   Item

   The home

2. Category

   Asset

   Item

   Loans made

3. Category

   Asset

   Item

   Reserves

4. Category

   Asset

   Item

   Cash held

5. Category

   Liability

   Item

   Mortgage

6. Category

   Liability

   Item

   Deposits

7. Category

   Liability

   Item

   Owed money

8. Category

   Liability

   Item

   Borrowing

Instructions

Send each item to the asset track or the liability track.

Explanation