A. accrued income B. non- current asset C. notes receivable D. income E. rent expense F. cash G. owner's equity H. intangible assets I. liability J. chart of accounts 1. It is the debt of the company payable in money, goods, or services. 2. It is the list of all accounts of the company that is being used by the firm to their financial records. 3. These are non-monetary assets but identifiable although without physical substance. 4. It is the claim of the owner on the business. 5. It is the most liquid asset which can be given and taken easily. 6. It is an expense for lease like office space, building space, and land. 7. Examples of this are service revenue and sales. 8. It is a written note from the customer to pay his account on a given time and date. 9. Property Plant and Equipment (PPE), land, and buildings are examples of these. 10. This account title is a revenue earned but not yet collected.
A. accrued income B. non- current asset C. notes receivable D. income E. rent expense F. cash G. owner's equity H. intangible assets I. liability J. chart of accounts 1. It is the debt of the company payable in money, goods, or services. 2. It is the list of all accounts of the company that is being used by the firm to their financial records. 3. These are non-monetary assets but identifiable although without physical substance. 4. It is the claim of the owner on the business. 5. It is the most liquid asset which can be given and taken easily. 6. It is an expense for lease like office space, building space, and land. 7. Examples of this are service revenue and sales. 8. It is a written note from the customer to pay his account on a given time and date. 9. Property Plant and Equipment (PPE), land, and buildings are examples of these. 10. This account title is a revenue earned but not yet collected.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter2: Analyzing Transactions: The Accounting Equation
Section: Chapter Questions
Problem 5SEA: FINANCIAL STATEMENT ACCOUNTS Label each of the following accounts as an asset (A), liability (L),...
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Only Fill the blanks.
Dont require any explanation. Just answer required.
![A. accrued income
F. cash
G. owner's equity
H. intangible assets
I. liability
J. chart of accounts
B. non- current asset
C. notes receivable
D. income
E. rent expense
1. It is the debt of the company payable in money, goods, or services.
2. It is the list of all accounts of the company that is being used by the
firm to their financial records.
3. These are non-monetary assets but identifiable although without
physical substance.
4. It is the claim of the owner on the business.
5. It is the most liquid asset which can be given and taken easily.
6. It is an expense for lease like office space, building space, and land.
7. Examples of this are service revenue and sales.
8. It is a written note from the customer to pay his account on a given
time and date.
9. Property Plant and Equipment (PPE), land, and buildings are
examples of these.
10. This account title is a revenue earned but not yet collected.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F31b0e17f-c67e-459f-a7e0-7f902981f40a%2F702ba924-622e-4c38-9e9c-c2e12a993602%2F6zhi82o_processed.png&w=3840&q=75)
Transcribed Image Text:A. accrued income
F. cash
G. owner's equity
H. intangible assets
I. liability
J. chart of accounts
B. non- current asset
C. notes receivable
D. income
E. rent expense
1. It is the debt of the company payable in money, goods, or services.
2. It is the list of all accounts of the company that is being used by the
firm to their financial records.
3. These are non-monetary assets but identifiable although without
physical substance.
4. It is the claim of the owner on the business.
5. It is the most liquid asset which can be given and taken easily.
6. It is an expense for lease like office space, building space, and land.
7. Examples of this are service revenue and sales.
8. It is a written note from the customer to pay his account on a given
time and date.
9. Property Plant and Equipment (PPE), land, and buildings are
examples of these.
10. This account title is a revenue earned but not yet collected.
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