ABSTRACT In this paper we shall prove that l-rings are categorally equivalent to the MV*-algebras, a subcategory of perfect MV-algebras. We shall use this equivalence in order to characterize l-rings as quotients of certain semirings of matrices over MV*-algebras. We shall establish a relation between l-ideals in l-rings and some ideals in MV*-algebras. This edlows us to study the MV* f-algebras, a subclass of the MV*-algebras corresponding to the f-rings.