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3 years ago

Provide the names of two (a) asset accounts, (b) liability accounts, and (c) equity accounts.

Business

1 answer:

tamaranim1 [39]3 years ago

3 0

Answer:

two (a) asset accounts

Cash and cash equivalents, which is the most liquid asset.
Inventory, which are the goods that the company buys or produces, to sell later on, and make a profit.

two libability accounts

Acconts payable, which is the money that the company owes.
Unearned revenue, which are revenues for goods or services that have not been delived yet.

two equity accounts

Common stock, the most typical form of equity.
Retained earnings, income that is left after paying dividends.

Explanation:

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