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Classifying Accounts
Determining classification of accounts
9
Accounting
12th Grade
11/07/2012
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Cards

Term
Cash
 Definition
Asset
Term
Accounts Payable
 Definition
Liability
Term
Accounts Receivable
 Definition
Asset
Term
Sales
 Definition
Revenue
Term
Rent
 Definition
Expense
Term
Withdrawing money for personal use
 Definition
Drawing
Term
Investment by owner in the business
 Definition
Capital
Term
Prepaid Insurance
 Definition
Asset
Term
Insurance Expense
 Definition
Expense
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