Match each of the terms in the left column with the account categories given in the right

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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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Hospitality Management Accounting

ISBN: 9780471092223

8th Edition

Authors: Martin G Jagels, Michael M Coltman

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