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Balance the Scales

Level 1 of 10 · Show that Assets = Liabilities + Equity, and classify each item correctly.

Mia opens a smoothie cart. She has $600 of cash in the business and owes the bank $200.

Place the owner's stake on the right-hand pan.

Assets
$600
=
Liabilities
$200
+
Equity
$0
Out by $400

Assets

What the business owns

$600
Business cash$600

Liabilities

What the business owes

$200
Bank loan$200

Equity

The owner's stake

$0

Items to place — tap an item, then tap a space (or drag it across)

Amounts are in New Zealand dollars. These scenarios exclude GST and income tax so each idea stays clear.