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3 years ago

Match each balance sheet item to its correct category.

Business

1 answer:

vodomira [7]3 years ago

4 0

Answer:

See below

Explanation:

Assets, Liabilities, and Equity form the basis for preparing the balance sheet. They make the accounting equation of Assets= Liabilities + Equity.

Assets are the valuables a business owns. They can be in the form of cash, money in the banks, financial instruments, properties, machines, or motor vehicles.

Assets will be

Cash
computers,
furniture

Liabilities are what the business owes to third parties and supplies. Liabilities are usually in the monetary form, such as loans, rent, and accounts payable.

Liabilities

Rent,
Loan
wages payable,

Equity is the owner's contribution to the business. They include capital and retained earnings.

Equity

retained owners
personal investment earnings,

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