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Unformatted text preview: ic period of time, such as a month or a year Classification: Asset, Liability, Revenue, Expense? If you think that
any item might fit into more than one of these categories, explain why? MATCH EACH OF THE FOLLOWING STATEMENTS WITH ITS PROPER TERM A. Account
G. Financial Accounting
P. Statement of Cash flow B. Account Payable
E. Accounting Equation
H. Management Accounting
N. Prepaid expense
Q. Statement of Owner’s Equity C. Account Receivable
I. Business transactions
L. Owner’s Equity
O. Balance sheet
R. Income Statement a.
Accounts Payable d.
e. Accounts Receivable
Inventory for Funiture
Investment 15. The liability created by a purchase on account
16. A claim against the customer
17. An accounting form that is used to record the increases and decreases in each f.
i. Land mortaged to a Building Society
Mortage Payable j.
N Motor Vehicles
Salaries & Wages
Inventory of Other Materials
. Tools financial statement item
18. A specialized field of accounting that used estimated data to aid management in
running day-to-day operations and in pla...
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This document was uploaded on 03/26/2014.
- Spring '14