Match each of the terms in the left column with the account categories given in the right
Question:
Match each of the terms in the left column with the account categories given in the right column.
a. Total assets—Total liabilities 1. Fixed asset
b. Revenue—Total expenses 2. Liabilities
c. Depreciable asset 3. Contributory income
d. Debt owed to creditors 4. Net assets, owners’ equity
e. Revenue—Direct costs 5. Operating income
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Related Book For
Hospitality Management Accounting
ISBN: 9780471092223
8th Edition
Authors: Martin G Jagels, Michael M Coltman
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