Financial concepts Match the financial concepts in Column A with the correct meaning in Column B, and the correct description of the concept in Column C. You may use the numbering as indicated without writing the words. Please do not create your own numbering. Concepts in Financial Management (Column A) 1. Balance sheet 2. Fixed assets 3. Current assets 4. Liability 5. Short-term funds 6. Capital 7. Income Meaning (Column B) A. Costs that re- main unchanged B. Receipts of sales C. Income exceeds costs D. Cash in the bank E. Overall view on the financia posi- tion of a business F. Purchase of assets G. Current liabilities Description (Column C)

Financial concepts Match the financial concepts in Column A with the correct meaning in Column B, and the correct description of the concept in Column C. You may use the numbering as indicated without writing the words. Please do not create your own numbering. Concepts in Financial Management (Column A) 1. Balance sheet 2. Fixed assets 3. Current assets 4. Liability 5. Short-term funds 6. Capital 7. Income Meaning (Column B) A. Costs that re- main unchanged B. Receipts of sales C. Income exceeds costs D. Cash in the bank E. Overall view on the financia posi- tion of a business F. Purchase of assets G. Current liabilities Description (Column C)

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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Question

Financial concepts
Match the financial concepts in Column A with the correct meaning in Column B, and the
correct description of the concept in Column C. You may use the numbering as indicated
without writing the words. Please do not create your own numbering.
hu
Concepts in Financial
Management
(Column A)
1. Balance sheet
2. Fixed assets
3. Current assets
4. Liability
5. Short-term funds
6. Capital
7. Income
Meaning
(Column B)
A. Costs that re- main
unchanged
B. Receipts of sales
C. Income exceeds costs
D. Cash in the bank
E. Overall view on the
financia posi- tion of a
business
F. Purchase of assets
G. Current liabilities
Description
(Column C)

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