Question

wat Question 1 42 Matching A licensed accounting professional [ Choose Costs that relate to the earnings of revenue [Choose] . Represents amount owed to us by our charge customers [Choose) . Excess of total expenses over total revenue [Choose] + Excess of total revenue over total expenses [Choose ] Something a company owns [Choose ] Categories under the main headings Assets, Liabilities, Owner's Equity [Choose ]

Answer 1

Answer:

Matching A licensed accounting professional CPA Costs that relate to the earnings of revenue Expense Represents amount owed to us by our charge customers Accounts Receivable Excess of total expenses over total revenue Net Loss Excess of total revenue over total expenses Net Income Something a company owns Assets Balance Sheet Categories under the main headings Assets, Liabilities, Owner's Equity Express the relationship between assets, liabilities, and owner's equity Basic Accounting Equation Taking cash or goods for the owner's personal use Withdrawal / Drawings The left side of an T-account Debit A financial statement showing the firm's financial position on a specific date Balance Sheet Number assigned to an account Account Number The process of recording transactions in a journal Journalzing The process of transferring accounts and amounts from the journal to the ledger Posting Official list of all ledger accounts Chart of Accounts Business papers supporting transactions Source Document Assets minus liabilities Owner's Equity A business enterprise, separate and distict from the person who supplies its assets Business Entity Fees earned for performing services Revenue A financial statement showing the results of operations Income Statement The right side of an T-account Credit

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