Three beginner-level exercises to test the student's understanding of the basic accounting equation and its elements.
These exercises test the student on how to use the accounting equation to calculate the value of assets, liabilities, owner's equity or changes to owner's equity during the year (capital investments, etc.).
The exercises can be handed out individually as classroom work or as homework assignments, or they can simply be given to students as part of a test or exam. They can also be combined with other questions and exercises on the same or similar topics.
The product includes a 5-page solutions document (separate document to the questions) with full answer key and explanations.
Both .doc and .pdf files are included here, so you can copy individual questions and create your own worksheets and files for your students.
Difficulty Rating: Beginner
Total page length (questions + solutions): 8 pages
Total time for student to complete: About 30 minutes