11.1 Are the following statements true or false? Find reasons for your answers in A and B apposite
1. British and American balance sheers shown the same information, but arranged differently (V) Yes British and American balance Sheers shown the same Information; but arranged differently.
2 . The revenue of the company in the past year is shown on the balance sheet (F) Not the renueve in the balance, revenue this information is given in other financial statements.
3. The two sides or halves of a balance sheet always have the same totalN (V) o (A = L + C)
4. The balance sheet gives information on low much money the company has reccived from sales of shares (V) Yes the balance sheet gives information on low much money the company has reccived from sales of shares.
5. The assets total is always the sames as the liabilities total (F) Not The assets total is always the sames as the liabilities total.
6. The balance sheet tells you how much money the company owes (V) Yes The balance sheet tells you how much money the company owes
11.2 Complete the sentences, Look at A and B opposite to help you
1 supplier are companies that provide other companies with materials, components, etc
2 dividends are profits that the company has not distributed to shareholders.
3 assets are things a company owns and uses in its business.
4 liabilities consist of everything a company owes.
5 loans consists of money belonging to a company`s owners
11.3 Make word combinations using a word from each box. Then use the word combinations to complete the sentences below. look at A at B oppossite to help you
Distribute liabilities
grant money
owe profilts
pay earnings
retain credit
1. We rentain a lot of our because we don`t earnings any of our to the Shareholders.
2. Most businesses have customers who owe money because they grant them 30 or 60 days
Elaborated by:
Jhon Chavarro
Tatiana Camacho
Christian Jimenez
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