Studying principles of accounts can be very easy once you learn which items are Assets, Liabilities, Capital, Income and Expenses. The accounts that fall under these 5 headings are used throughout your POA course. You can even associate the ALICE accounts with action words, you OWN assets, OWE liabilities, EARN …
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Assets are the items owned by a business. They are non-current also known as fixed or they are current also known as liquid. Non-current or fixed assets are those tangible or non-tangible items that have long life in the business. They are classed as permanent when compared to the current …
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OWN is a rime in the English language. There are many words that begin with an onset made up of one consonant as in ‘down’ or blends up to 3 consonants, and then end with the rime OWN as in ‘drown’ and ‘thrown’. Having a word list with OWN makes …
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