Question: S5. Please define the following words and give examples a. Asset b. Liability c. Equity d. Revenue e. Expense f. depreciation g. accumulated depreciation S6.
S5. Please define the following words and give examples a. Asset b. Liability c. Equity d. Revenue e. Expense f. depreciation g. accumulated depreciation S6. Find the Missing Numbers a. if assets 200& equity- 50 then what does liability? b. if liability 300 & assets 200 then what does equity? c. if liability 10 & equity 40 then what does asset? d. if assets = 10 & revenues = 20 & expenses = 15 then what does liability? assuming all other numbers are 0
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