Name: ________________ Class: ________________

Classify Accounting Terms Activity

Directions: Classify each set of terms on the left into one of these classifications:

Classifications:
Accounting Activities Items on Income
Assets Liabilities
Careers in Accounting Statement
Deductions Items on Balance Sheets
Financial Statements

Terms Classification
 Revenue items on income
 Expenses
 Net Income or Net Loss

 Buildings assets
 Office Equipment
 Land

 Assets items on balance sheet

 Liabilities
 Owner's Equity

 Balance Sheet financial statments

 Income Statement
 Statement of Changes in Owner's Equity

 Mortgage Loan Debt liabilities

 Accounts Payable
 Taxes to be Paid

 Accountant careers in accountiing

 CPA (Certified Public Accountant)
 Bookkeeper
 Name: ________________ Class: ________________

 Accounting accounting activities

 Auditing
 Bookkeeping

 Social Security deductions

 Retirement
 Taxes