FABM1 BSBA1-3 Midterm Quiz

Received bill for oil and gas

• Asset

• Liability

• Equity

• Revenue

• Expense

Received cash for printing

• Asset

• Liability

• Equity

• Revenue

• Expense

Received cash from customer

• Asset

• Liability

• Equity

• Revenue

• Expense

Received partial payment

• Asset

• Liability

• Equity

• Revenue

• Expense

Rendered repair service on account

• Asset

• Liability

• Equity

• Revenue

• Expense

Rendered repair service on cash

• Asset

• Liability

• Equity

• Revenue

• Expense

Rent expense

• Asset

• Liability

• Equity

• Revenue

• Expense

Rent income

• Asset

• Liability

• Equity

• Revenue

• Expense

Rent received in advance

• Asset

• Liability

• Equity

• Revenue

• Expense

Rent revenue

• Asset

• Liability

• Equity

• Revenue

• Expense