Business Math Unit 1

True/False.  When cash payments exceed cash receipts, there is an excess of cash

True/False.  Money owed to a business is accounts payable

True/False.  Accounting id the keeping of money records

True/False.   The building that a business owns is an asset

True/False.  In $15.21, there are two dines and one penny

Anything of value owned by a business

Money owed by a business (two words)

The keeping of money records.

The business or person to whom a business are liable

 

Money owed to a business (two words)