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16 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Cash |
Asset |
A resource that a business owns that provide probable future benefits to the business |
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Investments |
Asset |
Resources that a business owns that provide probable future benefits to the business |
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Accounts Recievables |
Assets |
Resources that a business owns that provide probable future benefits to the business |
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Inventory |
Assets |
Resources that a business owns that provide probable future benefits to the business |
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Supplies |
Assets |
Resources that a business owns that provide probable future benefits to the business |
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Pre-paid Expenses |
Assets |
Resources that a business owns that provide probable future benefits to the business |
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Preperties, Plants, Equipment |
Assets |
Resources that a business owns that provide probable future benefits to the business |
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Intangible Assets |
Assets |
Resources that a business owns that provide probable future benefits to the business |
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Salaries Payable |
Liabilities |
Represent other’s claims against a company’s assets; what the company owes |
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Accounts Payable |
Liabilities |
Represent other’s claims against a company’s assets; what the company owes |
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Notes Payable |
Liabilities |
Represent other’s claims against a company’s assets; what the company owes |
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Bonds Payable |
Liabilities |
Represent other’s claims against a company’s assets; what the company owes |
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Interest Payable |
Liabilities |
Represent other’s claims against a company’s assets; what the company owes |
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Unearned Revenue |
Liabilities |
Represent other’s claims against a company’s assets; what the company owes |
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Common Stock |
Stockholder’s Equity |
Owner’s claims on total assets |
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Retained Earnings |
Stockholder’s Equity |
Owner’s claims on total assets |
