Accounts Flashcards Preview

BUS103: INTRODUCTION TO FINANCIAL ACCOUNTING > Accounts > Flashcards

Flashcards in Accounts Deck (24)
Loading flashcards...
1
Q

Cash

A

DEBIT

balance account

Asset

BS

2
Q

Accounts recievable

A

DEBIT

balance account

Asset

BS

3
Q

Notes recievables

A

DEBIT

balance account

4
Q

Prepayed insurance

A

DEBIT

balance account

5
Q

Supplies

A
6
Q

Equipement

A

DEBIT

balance account

7
Q

Buildings

A

DEBIT

balance account

8
Q

Land

A

DEBIT

balance account

9
Q

Accounts payable

(or Trade payables)

A

CREDIT

balance account

10
Q

Notes payables

A

CREDIT

balance account

11
Q

Unearned revenue

A

CREDIT

balance account

12
Q

Accrued liabilities

A
13
Q

Owner capital

A

CREDIT

balance account

14
Q

Owner withdrawals

A

DEBIT

balance account

15
Q

Earned Revenue

A

CREDIT

balance account

16
Q

Expenses

A
17
Q

Consulting revenue

A

CREDIT

balance account

18
Q

Salary exspense

A

DEBIT

balance account

19
Q

Inventory

A

DEBIT

balance account

20
Q

Rent expense

A

DEBIT

balance account

21
Q

Income Tax payable

A

CREDIT

balance account

22
Q

Prepaid Rent

A

DEBIT

balane account

23
Q

Wages payable

A

CREDIT

balance account

24
Q

Advertising expense

A

DEBIT

balance account