III. Integration The use of standard account titles helps facilitate interpretation and evaluation of financial data. Financial data are easily understood through the use of a common business language that is purposefully designed for the users of accounting information. IV. Assessment Identify the appropriate account title for each of the following item and group them according to the three elements. Have your answers ready during the synchronous period. Given Assets Liabilities Capital Example: bond Merchandise papers for sale Computer printer Used ingredients Consumed supplies Interest spent for a bank loan Money Unpaid salary Used value of an equipment Groceries for sale Loan Bond papers and pens for employees use