Identify Account Type nd Financial Statement on which it appears.

Account Types

Asset

Liability

Equity

Income

Expense

Financial Statements

Balance Sheet

Profit and Loss

Accounts

1. Design Income

2. Savings

3. Accounts Receivable (A/R)

4. Rent or Lease

5. Prepaid Expenses

6. Notes Payable

7. Inventory Asset

8. Opening Balance Equity

9. Utilities

10. Undeposited Funds

11. Accounts Payable (A/P)

12. MasterCard

13. Visa

14. Loan Payable

15. Sales of Product Income

16. Legal and Professional Fees

17. Advertising

18. Meals and Entertainment

19. Retained Earnings

20. Checking

21. Landscaping Services

22. Pest Control Services

23. Cost of Goods Sold

24. Automobile: Fuel

25. Bank Charges

26. Interest Earned

Question 2 Not yet answered Marked out of 1.00 Flag question Which one of the following statements is false? a. Auditors are responsible for the preparation of financial statements. b. Auditors should be independent in fact and in appearance. c. Audit adds credibility to the financial statements. d. Auditors must exercise professional skepticism in performing audit. Clear my choice5) Explain the scope of financial management. 6) Discuss the role of financial manager. 7) Explain the importance of financial management. 8) What is financial engineering 9) List three to four international undergraduate and graduate programs of financial engineering1) What is finance? Define business finance. 2) Explain the types of finance. 3) Discuss the objectives of financial management. 4) Critically evaluate various approaches to the financial management. 5) Explain the scope of financial management. 6) Discuss the role of financial manager. 7) Explain the importance of financial management. 8) What is financial engineering 9) List three to four international undergraduate and graduate programs of financial engineering