Liabilities vs Assets

Question 1

What are the 7 Assets on a balance sheet

Answer 1

1. Cash
2. Reserves of BoE
3. Money at short call
4. Short term investments
5. Long term investments
6. Advances (loans)
7. Fixed assets

Question 2

Which of the 7 assets are liquid assets

Answer 2

1. Cash
2. Reserves of the BoE
3. Money at short call
4. Short term investments

Question 3

Which are the 5 liabilities on a balance sheet

Answer 3

1. Deposits
2. Short run borrowing
3. Long run borrowing
4. Retained profit
5. Shareholder funds

Question 4

Which of the 5 liabilities are capital

Answer 4

1. Retained profits
2. Shareholder funds