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Java Games: Flashcards, matching, concentration, and word search. |
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Chapter 1 Topic 2 Balance Sheet
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| Balance Sheet | a financial statement reporting assets, liabilities, and owner's equity as at a certain date |
| Assets | economic resources of a business (Cash, truck, building) |
| Liabilities | bank loan payable, accounts payable (you owe money to a creditor) |
| Owner's Equity | the claim the owner against the assets of a business |
| Heading | who, what, when |
| Body | assets, liabilities, owner's equity |
| Capital | the owner's claim against the assets through personal investment |
| Liquidity order | the order of assets according to how easity the assets may be converted to cash |
| Demand Loan | repayable when the creditor demands payment |
| $ | first amount column; with any subtotal or total in a column |
| Order of listing liabilities | order based on due date |
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Teacher |
Vanier Collegiate |
| Moose Jaw, SK |
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