Directions: Classify each account according to its category. Put a check (/)on the right column where each item belongs. Write your answers on a separatesheet of paper.AccountAssetsLiabilitiesTitleOwner's RevenueEquityNon-Non-ExpensesCurrentCurrentCurrentCurreniAssetaLiahilitiesAssetsLiabilities1. Cash2. AccountsPayable3. Building4. MortgagePayable5. ServiceRevenues6. AccountsReccivable7. SalariesExpense8. Inventory9. RentExpense10.UnearnedServiceRevenue

Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…

Directions: Classify each account according to its category. Put a check (/) on the right column where each item belongs. Write your answers on a separate sheet of paper. Account Assets Liabilities Title Owner's Revenue Equity Non- Expenses Non Current Assets Current Current Curreni Liabilities Assets Liabilities 1. Cash 2. Accounts Payable

Directions: Classify each account according to its category. Put a check (/) on the right column where each item belongs. Write your answers on a separate sheet of paper. Account Assets Liabilities Title Owner's Revenue Equity Non- Expenses Non Current Assets Current Current Curreni Liabilities Assets Liabilities 1. Cash 2. Accounts Payable

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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