Match the following terms with the appropriate definition.
-A balance sheet that broadly groups items into assets,liabilities and equity.
A)Stockholders' equity
B)Unclassified balance sheet
C)Long-term investments
D)Current liabilities
E)Closing entries
F)Current ratio
G)Plant assets
H)Current assets
I)Intangible assets
J)Classified balance sheet

Question

Quizplus · Accepted Answer

A balance sheet that broadly groups items into assets, liabilities and equity is called an unclassified balance sheet.

Match the Following Terms with the Appropriate Definition