a.

Owner’s Equity
Describe it in one word: Residual
Create your own meaning based on the word you described: Owner’s Equity is
the residual value after the deduction of liabilities from the assets. It is also
calledas an asset's salvage value, which is the asset's worth at the end of its
estimated useful life.

b.  Accounting
Describe it in one word: Evaluation
Create your own meaning based on the word you described: Accounting is the
evaluation of the recorded financial transaction in the form of financial statement.
It is use to to reach decisions about how to manage the business, or invest in it, or
lend money to it.

c.  Real Accounts
Describe it in one word: Permanent
Create your own meaning based on the word you described: Real Account is
long-term account because it is always be a part of a company's books once
opened. It's there from the very first business day to the very last business day. 

d. Nominal Account
Describe it in one word: Temporary
Create your own meaning based on the word you described: Nominal Accounts
are temporaru accounts that begins each accounting year with a zero balance.
Since the balance does not carry forward to the next accounting year,

e. Liability
Describe it in one word: Obligation
Create your own meaning based on the word you described: Liability is a legal
obligation of a business to pay its debt. Either to pay cash or cash equivalents to
the creditor.

f. Revenue
Describe it in one word: Earnings
Create your own meaning based on the word you described: Revenue is the
earnings of the business from its normal activities. It is usually from the sales of
goods or from the services rendered.