Accounts Flashcards Preview

BUS103: INTRODUCTION TO FINANCIAL ACCOUNTING > Accounts > Flashcards

Flashcards in Accounts Deck (24):
1

Cash

DEBIT

balance account

Asset

BS        

2

Accounts recievable

DEBIT

balance account

Asset

BS       

3

Notes recievables

DEBIT

balance account

4

Prepayed insurance

 

DEBIT

balance account

5

Supplies

6

Equipement

DEBIT

balance account

7

Buildings

DEBIT

balance account

8

Land

DEBIT

balance account

9

Accounts payable

(or Trade payables)

CREDIT

balance account

10

Notes payables

CREDIT

balance account

11

Unearned revenue

CREDIT

balance account

12

Accrued liabilities

13

Owner capital

CREDIT

balance account

14

Owner withdrawals

DEBIT

balance account

15

Earned Revenue

CREDIT

balance account

16

Expenses

17

Consulting revenue

CREDIT

balance account

18

Salary exspense

DEBIT 

balance account

19

Inventory

DEBIT

balance account

20

Rent expense

DEBIT 

balance account

21

Income Tax payable

CREDIT

balance account

22

Prepaid Rent

DEBIT

balane account

23

Wages payable

CREDIT

balance account

24

Advertising expense

DEBIT

balance account