Account Names Flashcards
List accounting names, debit/credit?, type of account
1
Q
Accounts Payable
A
Liability
Debit Decrease
Credit Increase
2
Q
Accounts Receivable
A
Asset
Debit Increase
Credit Decrease
3
Q
Accumulated Depreciation
A
Contra Asset
Debit Decrease
Credit Increase
4
Q
Advertising Expense
A
Expense
Debit Increase
Credit Decrease
5
Q
Bonds Payable
A
Liability
Debit
Credit
6
Q
Building
A
Asset
Debit
Credit
7
Q
Capital Stock
A
Equity
Debit
Credit
8
Q
Cash
A
Asset
9
Q
Common Stock
A
Equity
10
Q
Cost of Goods Sold
A
Expense
11
Q
Depreciation Expense
A
Expense
12
Q
Dividend Income
A
Revenue
13
Q
Dividends
A
Dividend
14
Q
Dividend Payable
A
Liability
15
Q
Equipment
A
Asset
