Match the following Account Types with the appropriate definition.

Account Types

• Assets
• Liabilities
• Equity
• Revenues
• Expenses

Definitions

1. What we own less what we owe equals this -

2. Prices charged customers for products and services -

3. Resources that we own that have future benefit -

4. Obligations or amounts that we owe to others -

5. Costs of providing products and services to customers -