A Company’s obligations – amounts that a company owes:

Property rights-Claims of business owner:

Account Payable is classified as:

Account Receivable is classified as:

Supplies is classified as:

Service Revenue is classified as:

Loan is classified as:

Fees Income is classified as:

Note Payable is classified as:

Drawings will affect:

Which account is classified as Revenue:

Which account is classified as Expense:

Which is the basic accounting equation:

If the liabilities=5400 and owner equity=16400, then assets is equal to:

If the owner equity = 8000 and assets = 29000, then liabilities equal to:

If the liabilities = 5500 and assets = 22500, then owner equity equal to:

Notes Receivable, Truck and Investment are all Types of Assets:

Notes Payable, Drawing and Loans are all Types of Liabilities:

Furniture, Machinery and Premises are all Types of Assets:

If Ethraa Company invested BD34,000 for cash in the business, then the capital will increase by BD34000.

If Ethraa Company performed repair service to customers for BD2000, then the cash account will decrease by BD2000.

If Ethraa Company paid BD500 for salaries expense, then the expense account will decrease by BD500.

If Ethraa Company owner withdraws business cash for personal use then the cash will increase.