ALORE

Question 1

a stands for

Answer 1

assets

Question 2

what is the difference between assets and revenue

Answer 2

ASSets are anything you can to sell to save your ASS.

revenue is money company earns from its products or services.

Question 3

ALORE handshape

Answer 3

hold your hand up (pinky and ring touching, thumb and pointer touching).think of a number line negatives are on the left positives are on the right. lable ALORE on fingers, and understand that the fingers are toughing ar negative on the left side and positive on the right toughing fingers these are the debit and credit positive increases and negative decreases

Question 4

what is the difference between liabilities and expense

Answer 4

liabilities are what you owe

expenses are the normal cost of operation.

Question 5

checks =

Answer 5

cash

Question 6

how do you know if its cash or accounts receivable

Answer 6

cash is liquidate now

accounts receivable is money your expecting to get.

Question 7

accounts payable

Answer 7

money owed by a company to its creditors.

Question 8

l stands for

Answer 8

liablitlies

Question 9

o stands for

Answer 9

owners equity

Question 10

r stands for

Answer 10

revenue

Question 11

e stands for

Answer 11

expenses

Question 12

to increase assets

Answer 12

debit the account

Question 13

to decrease assets

Answer 13

credit the account

Question 14

to increase liabilities

Answer 14

credit the account

Question 15

to decrease liabliites

Answer 15

debit the account

Question 16

to increase owners equity

Answer 16

credit the account

Question 17

to decrease owners equity

Answer 17

debit the account

Question 18

to increase revenue

Answer 18

credit the account

Question 19

to decrease revenue

Answer 19

debit the account

Question 20

to increase expenses

Answer 20

debit the account