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Principles of Accounts: Understanding Assets, Capital, and Liabilities

Learn the basic principles of accounting, including the definitions of assets, capital, and liabilities. Assets are resources owned by a business, capital is the total amount of resources supplied by the owner, and liabilities are money owed for assets supplied by others. Test your knowledge with interactive questions.

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Principles of Accounts: Understanding Assets, Capital, and Liabilities

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  1. Principles of Accounts enter by Lai Ka Yan (4A)

  2. What are…? Assets…… Capital…… Liabilities……

  3. assets • assets are resources owned by a business. For example…… BACK

  4. capital • Capital is the total amount of resources supplied to a business by its owner. BACK

  5. liabilities • Liabilities are the total of money owed for assets supplied to a business by people other than the proprietor. BACK NEXT

  6. Questions 1 Are they assets ? YES NO

  7. SURE!!! you are right Next!!!YEAH!

  8. SORRY You are wrong! Go back!!

  9. Question 2 2)what is this? a.capital b.assets c.liabilities

  10. Correct!!

  11. try again

  12. link www.vtc.edu www.hku.hk/space

  13. The end of this project

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