The accounting elements reflecting the financial status of the enterprise are
A: Assets
B: Income
C: Cost
D: Liabilities
E: Owner's equity
A: Assets
B: Income
C: Cost
D: Liabilities
E: Owner's equity
举一反三
- Owners' equity is measured by subtracting liabilities from assets. This sentence can be described as the following equation ______. A: ASSETS - LIABILITIES + OWNER'S EQUITY B: ASSETS - LIABILITIES = OWNER'S EQUITY C: OWNER'S EQUITY = ASSETS + LIABILITIES D: OWNER'S EQUITY = LIABILITIES - ASSETS
- The matching principle provides guidance in accounting for ( ). A: Expenses B: Assets C: Owner’s equity D: Liabilities
- According to the expanding of accounting equation, the debit side record the increase of ( ) A: Assets B: Liabilities C: Owner’s equity D: Expenses
- Johnson company pays the software company $5,000 with a check that they bought. Which the following statement is true? A: Assets are increase and liabilities are increase. B: Assets are decrease and owner’s equity is decrease. C: Assets are decrease and liabilities are decrease. D: Assets are increase and owner’s equity is increase.
- The assets of Company A are $145,200, and the owner’s equity is $26,000. What is the amount of the liabilities?