Question: The table below lists different accounts in the left-hand column. Below is also a list of abbreviations representing the different sections on a balance sheet.
The table below lists different accounts in the left-hand column. Below is also a list of abbreviations representing the different sections on a balance sheet. Use the abbreviations in the right-hand column of the table to indicate the relevant balance sheet section for each account.
CA: Current assets
CL: Current liabilities
NCA: Non-current assets
NCL: Non-current liabilities
SE: Shareholders equity
N: Not reported
| Account | Balance sheet section |
| Cash |
|
| Inventory |
|
| Accounts receivable |
|
| Patents and Trademarks held |
|
| Retained earnings |
|
| Land |
|
| Supplies |
|
| Loans receivable due in 6 months |
|
| Salaries outstanding |
|
| Share capital |
|
| Loans payable (payable within 1 year) |
|
| Loans payable in 5 years |
|
| Investments to be sold in 3 months |
|
| Accrued expenses |
|
| Depreciation expense |
|
| Accumulated depreciation |
|
| Long-term debt due in less than 1 year |
|
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