Test I - Types of Assets

A. Prepare a list of (10) ten assets that a business organization would own.

1. ____________________
2. ____________________
3. ____________________
4. ____________________
5. ____________________
6. ____________________
7. ____________________
8. ____________________
9. ____________________
10. ____________________

B. Test your ability to assign specific assets to various categories.Below are (20) twenty specific assets:

1. Adding Machine                                    2. Truck

3. Petty Cash                                               4. Desk

5. Cash in Bank                                           6. Chairs

7. Typing Paper                                         8. Computer

9. Automobile                                          10. Pencils

11.Traveler's Check                               12. Pens

13. Currency                                             14. Light Bulbs

15. USB                                                       16. Typewriter

17 Printer Ink                                           18. Printer

19. Ribbon of the typewriter              20. Fax Machine

Place each of these assets under appropriate specific asset category heading in the following form:

Cash         Furniture & Fixture   Delivery Equipt     Office Supplies   Office Equipt
_______   ___________   ___________     ____________  _____________
_______   ___________    ___________    ____________  _____________
_______   ___________   ____________   ____________  _____________
_______   ___________   ____________   ____________  _____________
_______   ___________   ____________   ____________  _____________
_______   ___________   ____________   ____________  _____________