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FABM 2 - SFP (PT:1)
Contributed by: De Jesus
  • 1. Allowance for Bad debts
A) LIABILITY-LONG-TERM LIABILITY
B) ASSETS-FIXED ASSETS
C) EQUITY
D) LIABILITY-CURRENT LIABILITY
E) ASSETS-CURRENT ASSETS
  • 2. Unearned revenue
A) LIABILITY-CURRENT LIABILITY
B) ASSETS-CURRENT ASSETS
C) LIABILITY-LONG-TERM LIABILITY
D) ASSETS-FIXED ASSETS
E) INCOME
  • 3. Accumulated Depreciation
A) EXPENSES
B) LIABILITY-LONG-TERM LIABILITY
C) ASSETS-FIXED ASSETS
D) LIABILITY-CURRENT LIABILITY
E) ASSETS-CURRENT ASSETS
  • 4. Merchandise Inventory
A) LIABILITY-LONG-TERM LIABILITY
B) EQUITY
C) LIABILITY-CURRENT LIABILITY
D) ASSETS-CURRENT ASSETS
E) ASSETS-FIXED ASSETS
  • 5. Accounts Payable
A) LIABILITY-LONG-TERM LIABILITY
B) ASSETS-FIXED ASSETS
C) ASSETS-CURRENT ASSETS
D) INCOME
E) LIABILITY-CURRENT LIABILITY
  • 6. Mortgage
A) LIABILITY-LONG-TERM LIABILITY
B) EQUITY
C) ASSETS-CURRENT ASSETS
D) LIABILITY-CURRENT LIABILITY
E) ASSETS-FIXED ASSETS
  • 7. Advance to supplier
A) ASSETS-FIXED ASSETS
B) ASSETS-CURRENT ASSETS
C) LIABILITY-LONG-TERM LIABILITY
D) LIABILITY-CURRENT LIABILITY
E) ASSETS-OTHER ASSETS
  • 8. Retained Earnings
A) INCOME
B) ASSETS
C) EQUITY
D) LIABILITY
E) EXPENSES
  • 9. Goodwill
A) LIABILITY-CURRENT LIABILITY
B) ASSETS-OTHER ASSETS
C) LIABILITY-LONG-TERM LIABILITY
D) ASSETS-FIXED ASSETS
E) ASSETS-CURRENT ASSETS
  • 10. Leasehold Improvements
A) LIABILITY-CURRENT LIABILITY
B) INCOME
C) EQUITY
D) ASSETS-FIXED ASSETS
E) ASSETS-CURRENT ASSETS
  • 11. Depreciation
A) LIABILITY
B) INCOME
C) EXPENSES
D) OWNER'S EQUITY
E) ASSETS
  • 12. Prepaid expense
A) EQUITY
B) EXPENSES
C) LIABILITY-LONG-TERM LIABILITY
D) ASSETS-CURRENT ASSETS
E) ASSETS-FIXED ASSETS
  • 13. Bad Debts
A) EQUITY
B) ASSETS
C) INCOME
D) EXPENSES
E) LIABILITY
  • 14. Common stock
A) EXPENSES
B) LIABILITY
C) ASSETS
D) EQUITY
E) INCOME
  • 15. Advances to employees
A) ASSETS-OTHER ASSETS
B) ASSETS-CURRENT ASSETS
C) LIABILITY-CURRENT LIABILITY
D) EXPENSES
E) ASSETS-FIXED ASSETS
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