Balance Sheet & P & L

Matching Pairs

(5)

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

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About Matching Pairs

balance sheet match

1808 times made

Created by

Andy Gold

United States

Top 10 results

1

Nom

April 2, 2025

00:54

time

100

score
2

Daryl

November 13, 2024

00:55

time

100

score
3

Paulina

March 25, 2025

00:56

time

100

score
4

bombey jucks

November 18, 2024

01:12

time

100

score
5

vali

November 18, 2024

01:32

time

95

score
6

leng

April 8, 2024

01:45

time

95

score
7

NUHA MARSYA SAFIYA MUHAMAD ‘ASRI

March 24, 2024

02:02

time

95

score
8

ainnur

March 24, 2024

02:56

time

95

score
9

Angela Ketter

September 19, 2023

01:50

time

68

score
10

Andy Gold

June 29, 2019

01:32

time

50

score

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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 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. 2 Tangible long-term assets used in business operations. 3 Assets, usually long-term, that are owned by a business but not used in the primary operations of the business. 4 Sales – (Sales Returns and Allowances + Sales Discounts) 5 Debts or obligations of a business that are not Current Liabilities. 6 Gross Margin – Operating Expenses 7 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. 8 The equity in the profits of a corporation that are kept in the corporation for operating, expansion, or other purposes. 9 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). 10 Net Sales – Costs of Goods Sold Retained Earnings Plant, Property, and Equipment Intangible Assets Income from Operations Investments Current Assets Gross Profit Current Liabilities Net Sales Long Term Liabilities

Matching Pairs

Balance Sheet & P & LOnline version

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

by Andy Gold

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.

Tangible long-term assets used in business operations.

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

Sales – (Sales Returns and Allowances + Sales Discounts)

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

Gross Margin – Operating Expenses

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.

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

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).

Net Sales – Costs of Goods Sold

Retained Earnings

Plant, Property, and Equipment

Intangible Assets

Income from Operations

Investments

Current Assets

Gross Profit

Current Liabilities

Net Sales

Long Term Liabilities

Balance Sheet & P & L

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Balance Sheet & P & L

Matching Pairs

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Balance Sheet & P & LOnline version

by Andy Gold

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.

Tangible long-term assets used in business operations.

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

Sales – (Sales Returns and Allowances + Sales Discounts)

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

Gross Margin – Operating Expenses

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.

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

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).

Net Sales – Costs of Goods Sold