Accounting Concepts A list of accounting concepts and related definitions is presented below. Required: Match each of the concepts with its corresponding definition. Definition a. Owner's claim on the resources of a company b. The difference between revenues and expenses c. Increase in assets from the sale of goods or services d. Economic resources of a company e. Cost of assets consumed in the operation of a business f. Creditors' claims on the resources of a company g. Distribution of earnings to stockholders Concept

Accounting Concepts A list of accounting concepts and related definitions is presented below. Required: Match each of the concepts with its corresponding definition