Classification Flashcards
1
Q
Fuel
A
expense
2
Q
Trading inventory
A
current asset
3
Q
Morgage loan
A
non-current liability
4
Q
Water and electricity
A
expense
5
Q
Cash flout / petty cash
A
current asset
6
Q
Vehicles
A
non-current asset
7
Q
Short-term loan
A
current liability
8
Q
Current income
A
income
9
Q
Insurance
A
expense
10
Q
Debtors
A
current asset
11
Q
Drawings
A
owners equty O.E
12
Q
Sales
A
income
13
Q
Bank overdraft
A
current-liability
14
Q
Bank charges
A
expense
15
Q
Creditors control
A
current liability
16
Q
Interest on bank overdraft
A
expense
17
Q
Fixed deposit
A
non-current asset
18
Q
Interest on fixed deposit
A
income
19
Q
Interest on loan
A
expense
20
Q
Rent income
A
income
21
Q
Rent expense
A
expense
22
Q
Bank
A
current asset
23
Q
Wages
A
expense
24
Q
Consumables
A
expense
25
Debtors control
current asset
26
Donation given
expense
27
Donation received
income
28
Land and buildings
non-current asset
29
Trading stock
current asset
30
Repairs
expense
31
Capital
owners equty O.E
32
Creditors control
current liability
33
Wages
expense
34
Bank overdraft
current liability
35
Postage
expense
36
Interest paid
expense
37
Interest on fixed deposit
income
38
Stationery
expense
39
Savings account
current asset
40
Telephone
expense
41
Equipment
non-current asset
42
Fixed deposit
non-current asset
43
Consumables
expense
44
Packing material
expense
45
Investments
non-current asset
