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  • Assignment of Accounting Time Duration - 15 Minutes

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    mahnoor amir
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    This assignment asks students to define 15 key accounting terms within 15 minutes, including defining assets, liabilities, equity, revenue, expenses, debit, credit, balance sheet, income statement, cash flow, accounts receivable, accounts payable, depreciation, accrual accounting, and journal entries.

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    Assignment of Accounting Time Duration_- 15 Minutes

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    This assignment asks students to define 15 key accounting terms within 15 minutes, including defining assets, liabilities, equity, revenue, expenses, debit, credit, balance sheet, income statement, cash flow, accounts receivable, accounts payable, depreciation, accrual accounting, and journal entries.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    2 views1 page

    Assignment of Accounting Time Duration - 15 Minutes

    Uploaded by

    mahnoor amir
    This assignment asks students to define 15 key accounting terms within 15 minutes, including defining assets, liabilities, equity, revenue, expenses, debit, credit, balance sheet, income statement, cash flow, accounts receivable, accounts payable, depreciation, accrual accounting, and journal entries.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    ASSIGNMENT OF ACCOUNTING TIME DURATION:- 15 minutes.

    1. Define assets in accounting.


    2. What is the definition of liabilities?
    3. Explain the concept of equity.
    4. Define revenue in accounting.
    5. What is an expense?
    6. Define the term "debit" in accounting.
    7. Explain the meaning of "credit" in accounting.
    8. What is the definition of a balance sheet?
    9. Define the income statement.
    10.Explain the concept of cash flow.
    11.Define accounts receivable.
    12.What is the definition of accounts payable?
    13.Explain the term "depreciation."
    14.Define the concept of accrual accounting.
    15.What is the definition of a journal entry?

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