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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
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. Sales revenue Total expenses | 2. Liabilities |
| c. Depreciable asset | 3. Contributory income |
| d. Debt owed to creditors | 4. Net assets, owners equity |
e. Sales revenue Direct costs 5. Operating income
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Information For Decision Making Readings In Cost And Managerial Accounting
Authors: Alfred Rappaport
2nd Edition
0134643887, 978-0134643885
