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SELF-CHECK 1 in ELEMENTS OF ACCOUNTING

Criteria YES NO
CAN I?

1. Define the Five Elements of Accounting?


2. Classify the account titles?
3. Explain what is Assets, Liabilities, Owner’s Equity, Income
and Expenses?
4. Use the Accounting Titles to interpret a business
transactions?

Name:__________________________

SELF-CHECK 1 in ELEMENTS OF ACCOUNTING

Criteria YES NO
CAN I?

1. Define the Five Elements of Accounting?


2. Classify the account titles?
3. Explain what is Assets, Liabilities, Owner’s Equity, Income
and Expenses?
4. Use the Accounting Titles to interpret a business
transactions?

Name:__________________________

SELF-CHECK 1 in ELEMENTS OF ACCOUNTING

Criteria YES NO
CAN I?

1. Define the Five Elements of Accounting?


2. Classify the account titles?
3. Explain what is Assets, Liabilities, Owner’s Equity, Income
and Expenses?
4. Use the Accounting Titles to interpret a business
transactions?

Name:__________________________

SELF-CHECK 1 in ELEMENTS OF ACCOUNTING

Criteria YES NO
CAN I?

1. Define the Five Elements of Accounting?


2. Classify the account titles?
3. Explain what is Assets, Liabilities, Owner’s Equity, Income
and Expenses?
4. Use the Accounting Titles to interpret a business
transactions?

Name:__________________________
ASSETS LIABILITIES
EQUITY INCOME
EXPENSES CASH
LAND CAPITAL

ASSETS
ASSETS
ASSETS
ASSETS
LIABILITIES
INCOME
LIABILITIES
INCOME
LIABILITIES
INCOME
EXPENSES
EQUITY
EXPENSES
EQUITY
ASSETS
ASSETS
ASSETS
ASSETS

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