accounting- grade 10 business- vocabulary practice Flashcards
learn what category the the vocabulary go to( assets? liabilities? equity?) (32 cards)
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
owner's draw
equity
26
additional paid in capital
equity
27
net income
equity
28
owner's investment
equity
29
30
assets
what you own
31
liabilities
what you owe
32
owner's equity
the owner's share ( after subtracting what's owed from whats owned
