Question
match 1 suppices 2. Account Payable 3, fent expanses 4. Service income 5, gain on sales long 6. term lissets 6 Sole Proprietouship 7 Pautnership 8 Corporation 9 Asset + Liabilities Le + eq u=+y . 4. Asset B. Income c. expanses D. Liabilities E. Equity F. business owned by one person G, Business owned by two or more person (co-own H, business organization reconganized under Nue haw I. The basic equation. Possibie the Periodic matching of costs and Revenves. ccounting is the art of recording, Class: Fying ad summerizing significant monner and wes of money.
Solution
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Vitórya
Profissional · Tutor por 6 anos
Resposta
Let's match the terms correctly:1. **Supplies** - C. Expenses2. **Accounts Payable** - D. Liabilities3. **Fent Expenses** - C. Expenses4. **Service Income** - B. Income5. **Gain on Sales of Long-Term Assets** - B. Income6. **Term Loans** - D. Liabilities7. **Sole Proprietorship** - F. Business owned by one person8. **Partnership** - G. Business owned by two or more persons (co-owned)9. **Corporation** - H. Business organization recognized under law10. **Assets + Liabilities = Equity** - I. The basic equation11. **Assets** - A. Asset12. **Income** - B. Income13. **Expenses** - C. Expenses14. **Liabilities** - D. Liabilities15. **Equity** - E. Equity16. **Business owned by one person** - F. Sole Proprietorship17. **Business owned by two or more persons (co-owned)** - G. Partnership18. **Business organization recognized under law** - H. Corporation19. **The basic equation** - I. Assets + Liabilities = Equity20. **Periodic matching of costs and revenues** - Possible the Periodic matching of costs and Revenues.**Accounting** is the art of recording, classifying, and summarizing significant monetary and non-monetary transactions.