Which of the following items describes the current assets? A: Assets which are currently located on the business premises B: Assets which are used to conduct the organisation's current business C: Assets which are expected to be converted into cash in the short-term D: Assets which are not expected to be converted into cash in the short-term

Which of the following does not describe accounting ( ) A: Language of business B: Is an end rather than a means to an end C: Useful for decision making D: Used by business, government, nonprofit organizations, and individuals

The balance sheet reports: A: a.the assets, liabilities, gains, and losses for a period of time B: b.the changes in assets, liabilities, and equity for a period of time C: c.the assets, expenses, and liabilities as of a certain date D: dthe financial condition of an accounting entity as of a particular date

Liabilities are generally classified into( )and ( ).(2分) A: current liabilities、Non-current liabilities B: current assets、long-term assets C: accounting payable、intangible asset D: fixed asset、intangible asset

________________________________ reports changes in the owner's claim on the business's assets over a period of time.