Account Classification Flashcards
(62 cards)
1
Q
Fees received
A
Income
2
Q
Sales of goods
A
Income
3
Q
Rent received
A
Other income
4
Q
Interest received
A
Other income
5
Q
Discount received
A
Other income
6
Q
Gain on sale of asset
A
Other income
7
Q
Opening inventory
A
COGS
8
Q
Purchases
A
COGS
9
Q
purchase returns
A
COGS
10
Q
Freight inwards
A
COGS
11
Q
Customs duty
A
COGS
12
Q
Closing inventory
A
COGS
13
Q
Advertising
A
DC
14
Q
Shop salaries
A
DC
15
Q
Shop rent
A
DC
16
Q
Shop electricity
A
DC
17
Q
Delivery expenses
A
DC
18
Q
Vehicle expenses
A
DC
19
Q
Depreciation on shop fittings
A
DC
20
Q
Depreciation on vehicles
A
DC
21
Q
Insurance on vehicles
A
DC
22
Q
Freight out
A
DC
23
Q
Insurance
A
AE
24
Q
Rates
A
AE
25
Rent
AE
26
Officer wages/salaries
AE
27
Officer expenses
AE
28
Stationery
AE
29
Telephone and fax
AE
30
General expenses
AE
31
Depreciation on office equipment
AE
32
Depreciation on buildings
AE
33
Bad debts
AE
34
Discount allowed
AE
35
Interest on loan
FC
36
Interest on mortgage
FC
37
Interest on bank overdraft
FC
38
accounts receivable
CA
39
Stationery on hand
CA
40
Bank
CA
41
Cash on hand
CA
42
Inventory
CA
43
Petty cash
CA
44
Vehicles
PPE
45
Land and buildings
PPE
46
Equipment
PPE
47
Furniture
PPE
48
Tools
PPE
49
Machinery
PPE
50
Goodwill
Int A
51
Patents
Int A
52
Registered trademarks
Int A
53
Term deposits
Inv A
54
Bank overdraft
CL
55
Accounts payable
CL
56
GST payable
CL
57
Loan (short term)
CL
58
Loan (long term)
NCL
59
Shares
Inv A
60
Mortgage
NCL
61
Capital
EQ
62
Drawings
EQ
