Identify the Category(s)of Each of the Accounts Below

question 84

Essay

Identify the category(s)of each of the accounts below.
Current Asset
Plant and Equipment
Current Liabilities
Long-Term Liabilities
$\begin{array}{lc}\underline{\text { Item }}& \underline{\text { Category }}&\\{\text { 0) Cash }} & \text { Current Asset }&\underline{\quad\quad} \\\text { a) Accts. Receivable } & \underline{\quad\quad}&\underline{\quad\quad}\\\text { b) Accts. Payable } &\underline{\quad\quad}&\underline{\quad\quad} \\\text { c) Mortgage Payable } & \underline{\quad\quad}&\underline{\quad\quad} \\\text { d) Building } & \underline{\quad\quad}&\underline{\quad\quad}\\\text { e) Prepaid Insurance } & \underline{\quad\quad}&\underline{\quad\quad}\end{array}$

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Definitions:

Serial Entrepreneurs

Individuals who continuously come up with new ideas and start new businesses, often moving from one venture to the next, typically experiencing various levels of success.

Need for Achievement

A psychological drive in individuals that pushes them to succeed and excel in tasks.

Self-Employed

Individuals who work for themselves, either running their own business or freelance, without being employed by another organization.

Necessity-based Entrepreneurship

Starting a business out of a need for employment rather than seizing an opportunity or innovative idea.