taller en ingles .docx - GUIA 1 ACTIVIDAD EN INGLES E INDIVIDUAL FINANCIAL STATEMENT ACCOUNT IDENTIFICATION Mark each of the accounts lsted in the

taller en ingles .docx - GUIA 1 ACTIVIDAD EN INGLES E...

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GUIA 1 ACTIVIDAD EN INGLES E INDIVIDUAL FINANCIAL STATEMENT ACCOUNT IDENTIFICATION Mark each of the accounts lsted in the following table as follows: a. In column (1), indicate in which Statement - income Statement (IS) or balance sheet (BS) – the account belongs b. In column (2), indicate whether the account is a current asset (CA), current liability (CL), expense (E), Fixed Asset (FA), long-term debt (LTD), revenue (R), or stockholders aquity (SE). ACCOUNT NAME (1)STATEMENT (2)TYPE OF ACCOUNT ACCOUNT DESCRIPTION Account payable BS CL An account payable is any contribution from a debtor part, which appears as a result of a purchase of goods or services in terms of credit. Accounts recelvable BS CL Accruals IS R Accumulated depreciation BS E refers to the period of time it takes an asset to depreciate Administrative expense E E Administrative expenses are the expenses incurred by a company that are not directly linked to an elementary function such as manufacturing, production or sales. Etc. Buildings BS CA When we include it in fixed assets, it represents the construction value of buildings, commercial or industrial plants, etc Cash BS CA The cash that a company owns is part of the current
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assets and its function is to face the possible short- term obligations that may appear Common stock (at par) IS SE Ordinary Shares are those that are not preferred and
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  • Winter '19
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