Review Questions for Entrep-Bkkpng G-10.

2. Identify the following items that is belong to Liabilities.

• Loans

• Accounts Receivables

• Accounts Payables

• Cash payment

3. This assets are classified as fixed and non-current assets. Which amongst the following belongs to this statement?

• Investments

• Cash on Hand

• Accounts Receivables

• Plant and Equipment

4. This classification of assets do not possess physical substance or we called it Intangible asset? Which amongst the following define this statement?

• Patent

• Franchise

• Trademark

• Copyrights

5. Which of the following can be the other term for Capital Account?

• Net worth, Proprietorship and Owner's Equity

• Merchandise

• Taxes & licenses

• Securities

1. Which of the following belongs to Asset account?

• Land & Building

• Furniture and Fixture

• Cash & Receivables

• All of the above