Which of these is an Asset?, Salary Expense, Cash, What is the Accounting Equation?, Assets = Liabilities + Owner's Equity, Assets = Liabilities - OwnersEquity, Accounts Payable is classified as a:, Liability , Asset, When the owner invests money into the business, it is:, Revenue, Capital , Equipment and Buildings are examples of:, Current Assets, Non-Current Assets, The side used to record an increase in Assets is:, Debit, Credit, Net Income occurs when:, Revenue > Expenses, Expenses > Revenue, Which document is prepared first in the cycle?, Ledger , Journal , Supplies used during the month are called:, Supplies Expense, Supplies Asset, Accounts Receivable means the business will:, Pay money, Receive money.

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