Description
Items that appears on (balance sheet, profit and loss(income statement), statement of retained earnings, statement of cash flows,
Items Classified as (asset, Liability, retained earnnings, common stock, contra account owners, capital account, owners drawing account, equity expense, revenue, operating activity, investment acitvity, finicial activity
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Explanation & Answer
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Student Name _____________________________
Classified As
ACC 201
Appears on
Asset, Liab, Retained Earnings, Common Stock,Contra Account
Quiz 1
Balance Sheet, Profit and Loss (Income Statement)
Owners Capital Account, Owners Drawing Account, Equity
Item
Statement of Retained Earnings, Statement of Cash Flows Expense, Revenue, Operating Acitivity, Investment Activity, Financial Activity
Salaries Expense
Profit and Loss (Income ...