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  • Worksheet Elements of Accounting

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    Gladzangel Loricabv
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    This document appears to be a practice matching exercise where students are asked to match various accounting terms to their definitions. The terms include assets, liabilities, owner's equity, accounts receivable, notes receivable, property, plant and equipment, rent expense, intangible assets, prepaid expense, and cash. Students are provided short definitions and asked to match each term to its corresponding definition.

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    work sheet

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    This document appears to be a practice matching exercise where students are asked to match various accounting terms to their definitions. The terms include assets, liabilities, owner's equity, accounts receivable, notes receivable, property, plant and equipment, rent expense, intangible assets, prepaid expense, and cash. Students are provided short definitions and asked to match each term to its corresponding definition.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    56 views2 pages

    Worksheet Elements of Accounting

    Uploaded by

    Gladzangel Loricabv
    This document appears to be a practice matching exercise where students are asked to match various accounting terms to their definitions. The terms include assets, liabilities, owner's equity, accounts receivable, notes receivable, property, plant and equipment, rent expense, intangible assets, prepaid expense, and cash. Students are provided short definitions and asked to match each term to its corresponding definition.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 2

    Name:

    Year/Section:

    PRACTICE (60 MINS)


    Matching Type
    Assets Accounts Receivable Intangible Assets
    Liabilities Notes Receivable Property, Plant and Equipment
    Owner’s Equity Rent Expense Cash Prepaid Expense

    ____________ 1. It is the obligations of the company payable in money, goods or services.


    ____________ 2. These are non-current tangible assets.
    ____________3. These assets are identifiable, non-monetary assets without physical substance.
    ____________4. It is the claim of the owner also known as the capital.
    ____________5. It is the most liquid asset and is the medium of exchange for business transactions.
    ____________6. It is an expense for leased office space, equipment or assets rented from others.
    ____________7. Examples of this are cash, account receivable and prepaid expenses.
    ____________8. It is a written promise from the customer to pay his receivables on a certain future date.

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