B.IDENTIFY THE ACCOUNTS TITLE THAT CORRESPONDS TO THE SENTENCE.
1. It is a written promise from the customer to pay his receivable on a certain future date.
2. It is the obligation of the company payable in money, goods and services.
3. It the claim of the owner also known as the capital.
4. It is the most liquid asset and is the medium of exchange for business transactions.
5. It is an expense for leased office space, equipment or assets rented from others.
6. Example of this are cash, account receivable and prepaid expenses.
7. These are no-current tangible assets.
8. These assets are identifiable.non-monetary assets without physical substance.
9. It is the increase in resources resulting from performance of service or selling of goods.
10. It is a cash collected in advance; the liability is the service to be performed or goods to be
delivered in the future.
Answers
Answer:
sorry this upto 6 only I came to know
Explanation:
1.Promissory Note. A written promise to pay a specified amount of money at a particular future date, usually with interest. ... Definition: Accounts Receivable (AR) is the proceeds or payment which the company will receive from its customers who have purchased its goods & services on credit.
2.Liabilities in accounting is a company's financial obligations, like the money a business owes its suppliers, wages payable and loans owing, which can be found on a business' balance sheet
3.Owner's Equity.
The claim of an owner of a business to the assets of the business. Also called capital.
4.Money is a liquid asset used in the settlement of transactions. ... This is money's primary function: a generally recognized medium of exchange that people and global economies intend to hold, and are willing to accept as payment for current or future transactions.
5.Rent expense management pertains to a physical asset, such as real property and equipment. A company may lease, the other name for rent, an intangible resource from another business and remit cash on a periodic basis.
6.They can easily be liquidated for cash, usually within one year, and are considered when calculating a firm's ability to pay short-term liabilities. Examples of current assets include cash and cash equivalents (CCE), marketable securities, accounts receivable, inventory, and prepaid expenses