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Much the following definitions A. An economic resource that is expected to be of benefit in the future B.

This question was answered on Jan 25, 2013. View the Answer
Much the following definitions

A. An economic resource that is expected to be of benefit in the future
B. An economic obligation (a debt) payable to an individual or an
organization outside the business
C. Excess of total expenses over total revenues
D. Excess of total revenues over total expenses
E. The basic tool of accounting, stated as Assets = Liabilities + Equity
F. Decrease in equity that occurs from using assets or increasing liabilities
in the course of delivering goods or services to customers
G. Amounts earned by delivering goods or services to customers
H. Report of cash receipts and cash payments during a period
I. Report of an entity's assets, liabilities, and equity as of a specific date
J. Report of an entity's revenues, expenses, and net income/net loss for
the period
K Report that shows the changes in capital for a period of time



MUCH THE FOLLOWINGDEFINITIONS
1 ACCOUNTING EQUATION
2 ASSETS
3 BALANCE SHEET
4 EXPENSE
5 INCOME STATEMENT
6 LIABILITY
7 NET INCOME
8 NET LOSS
9 REVENUE
10 STATEMENTS OF CASH FLOWS
11 STATEMENT OF OWNERS EQUITY
MUCH THE FOLLOWINGDEFINITIONS


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Answer
Match the following Definitions;
Particulars
Definitions
A. An economic resource that is expected
2
ASSETS
to be of benefit in the future
B. An economic obligation (a debt) payable 6...

This question was asked on Jan 25, 2013 and answered on Jan 25, 2013.

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