ASSET,LIABILITY OR EQUITY??? Flashcards
GAME
1
Q
Long Term Investment
A
Non-current Asset
2
Q
Acc Receivable
A
Current Asset
3
Q
Computer
A
Current Asset
4
Q
Acc Payable
A
Liability
5
Q
Car
A
Non-current Asset
6
Q
Inventory
A
Current Asset
7
Q
Building
A
Non current Asset
8
Q
Cash
A
Current asset
9
Q
Temporary Investment
A
Current Asset
10
Q
Salaries
A
Current Liability
11
Q
Land
A
Non Current Asset
12
Q
Loan
A
Non Current Asset
13
Q
With-drawings
A
Equity
14
Q
Cash in register
A
Equity
15
Q
Bank overdraft
A
Current liability
16
Q
Office stationery on hand
A
Current Asset
17
Q
Amount owing to credit customers
A
Asset
18
Q
Capital
A
Equity
19
Q
Debtors
A
Assets
20
Q
Creditors
A
Liabilities
