Account Types Flashcards
(32 cards)
1
Q
Accounts Payable
A
Liability
2
Q
Accounts Receivable
A
Asset
3
Q
Bank Overdraft
A
Liability
4
Q
Amount Owed by Debtors
A
Asset
5
Q
Amount Owed by Creditors
A
Liability
6
Q
Building
A
Asset
7
Q
Capital
A
Owner’s Equity
8
Q
Cash at Bank
A
Asset
9
Q
Cash in Hand
A
Asset
10
Q
Copyright
A
Asset
11
Q
Debentures
A
Liability
12
Q
Motor Vehicle
A
Asset
13
Q
Motor Vehicle Expenses
A
Expense
14
Q
Drawings
A
Owner’s Equity
15
Q
Equipment
A
Asset
16
Q
Fixtures and Fittings
A
Asset
17
Q
Wages
A
Expense
18
Q
Goodwill
A
Asset
19
Q
Government Bonds
A
Asset
20
Q
Land
A
Asset
21
Q
Loan From
A
Liability
22
Q
Loan Payable
A
Liability
23
Q
Electricity
A
Expense
24
Q
Sales
A
Revenue
25
Loan To
Asset
26
Mortgage
Liability
27
Cost of Goods Sold
Expense
28
Patents
Asset
29
Petty Cash
Asset
30
Registered Trademark
Asset
31
Shares
Asset
32
Inventories
Asset
