Assets, Liabilities & Equity Sort
Sort real-world business accounts into assets, liabilities, and equity categories.
Business accounting puzzle
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Instructions, device progress and accessibility
Choose difficulty and Practice or UTC Daily challenges. Solve the accounting questions, then press Check answer. Hints and Undo mark the round assisted. Scores save locally; no account or real stock data is required.
Local progress is checked when play begins.
How to play Assets, Liabilities & Equity Sort
Sort real-world business accounts into assets, liabilities, and equity categories. Each problem has its own business scenario and is checked against the accounting formula. Start at Easy and increase difficulty when ready. The daily challenge uses the same questions for each date and difficulty.
Accounting concept and formula
Cash and receivables are assets. Unpaid supplier invoices and bank loans are liabilities. Contributed capital and retained earnings are equity.
A customer deposit for undelivered goods is generally a liability, not sales revenue, until earned.
Worked example
Cash and receivables are assets. Unpaid supplier invoices and bank loans are liabilities. Contributed capital and retained earnings are equity.
Common mistakes to avoid
A customer deposit for undelivered goods is generally a liability, not sales revenue, until earned. Always identify which line item belongs in the formula, verify the sign of a gain or loss, and check that your final answer uses the indicated unit.
Frequently asked questions
What is an asset?
A resource controlled by the business as a result of past events, from which economic benefits are expected.
What is a liability?
A present obligation of the business to transfer an economic resource.