Balance Sheet Balancer
Calculate total assets, total liabilities, and owner’s equity so a business balance sheet balances.
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 Balance Sheet Balancer
Calculate total assets, total liabilities, and owner’s equity so a business balance sheet balances. 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 $2,000, inventory $3,000, and equipment $5,000 are assets worth $10,000. With loans and payables totaling $4,000, owner’s equity is $6,000.
Use the basic accounting equation: assets = liabilities + owner’s equity.
Worked example
Cash $2,000, inventory $3,000, and equipment $5,000 are assets worth $10,000. With loans and payables totaling $4,000, owner’s equity is $6,000.
Common mistakes to avoid
Use the basic accounting equation: assets = liabilities + owner’s equity. 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 the balance sheet equation?
Assets equal liabilities plus owner’s equity.
Is owner’s equity a liability?
No. Equity is the residual interest in assets after deducting liabilities.