Balance Sheet & P & L

Matching Pairs

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Match the key terms descriptions to the Balance Sheet and Income Statement classifications

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About Matching Pairs

balance sheet match

1771 times made

Created by

Andy Gold

United States

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Nom

April 2, 2025

00:54

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100

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Daryl

November 13, 2024

00:55

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Paulina

March 25, 2025

00:56

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bombey jucks

November 18, 2024

01:12

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vali

November 18, 2024

01:32

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95

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leng

April 8, 2024

01:45

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NUHA MARSYA SAFIYA MUHAMAD ‘ASRI

March 24, 2024

02:02

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ainnur

March 24, 2024

02:56

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95

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Angela Ketter

September 19, 2023

01:50

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68

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Andy Gold

June 29, 2019

01:32

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50

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Matching Pairs Balance Sheet & P & LOnline version Match the key terms descriptions to the Balance Sheet and Income Statement classifications by Andy Gold 1 Assets, usually long-term, that are owned by a business but not used in the primary operations of the business. 2 The equity in the profits of a corporation that are kept in the corporation for operating, expansion, or other purposes. 3 Gross Margin – Operating Expenses 4 Debts or obligations of a business that are not Current Liabilities. 5 Sales – (Sales Returns and Allowances + Sales Discounts) 6 Cash or other assets that are expected to be converted into cash or used in the generation of revenue within one year or the business’ normal operating cycle,whichever is longer. 7 Long-term assets, whose values are derived from some right or privilege associated with them, that do not have tangible characteristics of consequential value. (e.g. trademarks, patents, franchises). 8 Tangible long-term assets used in business operations. 9 Net Sales – Costs of Goods Sold 10 Debts or obligations of a business that are to be fulfilled within one year or the normal operating cycle, whichever is longer. These obligations are fulfilled by giving current assets, rendering services, or replacing them with other current liabilities. Investments Intangible Assets Gross Profit Current Liabilities Current Assets Retained Earnings Plant, Property, and Equipment Long Term Liabilities Net Sales Income from Operations

Matching Pairs

Balance Sheet & P & LOnline version

Match the key terms descriptions to the Balance Sheet and Income Statement classifications

by Andy Gold

Assets, usually long-term, that are owned by a business but not used in the primary operations of the business.

The equity in the profits of a corporation that are kept in the corporation for operating, expansion, or other purposes.

Gross Margin – Operating Expenses

Debts or obligations of a business that are not Current Liabilities.

Sales – (Sales Returns and Allowances + Sales Discounts)

Cash or other assets that are expected to be converted into cash or used in the generation of revenue within one year or the business’ normal operating cycle,whichever is longer.

Long-term assets, whose values are derived from some right or privilege associated with them, that do not have tangible characteristics of consequential value. (e.g. trademarks, patents, franchises).

Tangible long-term assets used in business operations.

Net Sales – Costs of Goods Sold

Debts or obligations of a business that are to be fulfilled within one year or the normal operating cycle, whichever is longer. These obligations are fulfilled by giving current assets, rendering services, or replacing them with other current liabilities.

Investments

Intangible Assets

Gross Profit

Current Liabilities

Current Assets

Retained Earnings

Plant, Property, and Equipment

Long Term Liabilities

Net Sales

Income from Operations

Balance Sheet & P & L

Matching Pairs

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Balance Sheet & P & LOnline version

by Andy Gold

Assets, usually long-term, that are owned by a business but not used in the primary operations of the business.

The equity in the profits of a corporation that are kept in the corporation for operating, expansion, or other purposes.

Gross Margin – Operating Expenses

Debts or obligations of a business that are not Current Liabilities.

Sales – (Sales Returns and Allowances + Sales Discounts)

Cash or other assets that are expected to be converted into cash or used in the generation of revenue within one year or the business’ normal operating cycle,whichever is longer.

Long-term assets, whose values are derived from some right or privilege associated with them, that do not have tangible characteristics of consequential value. (e.g. trademarks, patents, franchises).

Tangible long-term assets used in business operations.

Net Sales – Costs of Goods Sold

Debts or obligations of a business that are to be fulfilled within one year or the normal operating cycle, whichever is longer. These obligations are fulfilled by giving current assets, rendering services, or replacing them with other current liabilities.