Please attach your solution in Excel as an answer to this question.

Your T-accounts will be assessed based on the spreadsheet.

The economic resources of a business such as

furniture, building, and land are its __________.

Three main financial statements are:

Profitable company has also a good cash position.

The assets of Star Company are €120,000

and the total liabilities are €10,000. 

The equity is ___________.

A debt that a business owes is called __________.

The income statement shows whether or not a

business can generate enough cash to pay its liabilities.