Accountancy

What you know, like a password

What you have, like an ATM card

What you look like

All of the above

Capital

Unearned Revenue

Prepaid Revenue

Accounts Receivable

it has an end life

there is no specific act for joint venture

profit is ascertained only after the end of the specific venture

All of the above

decrease in asset

increase in liability

an entry on the left hand side of an account

moderate increase in liability

Past

No

Future

Present

Event

Transaction

Dealing

Operations

Rent Expense

Land

Notes Payable

Unearned Revenue

Owner’s Capital

Owner’s Withdrawals

Earned Revenue

Unearned Revenue

Revenues

Expenses

Assets

Liabilities

A journal

A ledger

Post Account

Trial balance