accounting- grade 10 business- vocabulary practice Flashcards
learn what category the the vocabulary go to( assets? liabilities? equity?)
1
Q
Cash
A
assets
2
Q
Accounts Receivable
A
assets
3
Q
inventory
A
assets
4
Q
prepaid expenses
A
assets
5
Q
property, plant, and equipment( ppe)
A
assets
6
Q
land
A
assets
7
Q
buildings
A
assets
8
Q
investments
A
assets
9
Q
machinery
A
assets
10
Q
vehicles
A
assets
11
Q
intangible assets (e.g. patents, trademarks )
A
assets
12
Q
account payable
A
liability
13
Q
loans payable
A
liability
14
Q
wages payable
A
liability
15
Q
notes payable
A
liability
16
Q
Accrued Expenses
A
liability
17
Q
mortgage payable
A
liabilities
18
Q
Bonds payable
A
liability
19
Q
unearned Revenue
A
liability
20
Q
taxes payable
A
liability
21
Q
debts
A
liability
22
Q
retained earnings
A
equity
23
Q
common stock
A
equity
24
Q
dividends
A
equity
25
Q
owner’s draw
A
equity
26
Q
additional paid in capital
A
equity
27
Q
net income
A
equity
28
Q
owner’s investment
A
equity
29
Q
A
30
Q
assets
A
what you own
31
Q
liabilities
A
what you owe
32
Q
owner’s equity
A
the owner’s share ( after subtracting what’s owed from whats owned
