Question: Question 2 Define the following terms: 1 . Asset 2 . Current Asset 3 . Fixed Asset 4 . Liability 5 . Current Liability 6

Question 2
Define the following terms:
1. Asset
2. Current Asset
3. Fixed Asset
4. Liability
5. Current Liability
6. Long-term Liability
7. Equity
8. Cash
9. Intangible Asset
10. Tangible Asset
11. Investment
12. Debt
13. Debtor
14. Retained Earnings
15. Owners Capital
16. Creditors
17. Value

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