Classification of financial elements Flashcards by Liam Beckett

Q

Sales

A

Revenues/Income

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Q

Fees

A

Revenues/Income

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Q

Commission received

A

Other income

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Q

Gain on sale of an asset

A

Other income

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Q

Interest received

A

Other income

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Q

Rent received

A

Other income

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Q

Dividends received

A

Other income

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Q

Discount received

A

Other income

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Q

Cartage inwards

A

Cost of goods sold

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Q

Customs duty

A

Cost of goods sold

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Q

Freight inwards

A

Cost of goods sold

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Q

Packaging costs

A

Cost of goods sold

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Q

Purchases

A

Cost of goods sold

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Q

Advertising

A

Distribution costs

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Q

Cartage inwards

A

Distribution cost

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Q

Commission

A

Distribution cost

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Q

Delivery expenses

A

Distribution cost

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Q

Depreciation on shop fittings

A

Distribution cost

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Q

Depreciation on delivery vehicles

A

Distribution cost

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Q

Freight inwards

A

Distribution cost

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Q

Repairs to delivery vehicles

A

Distribution cost

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Q

Repairs and maintenance

A

Distribution cost

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Q

Sales wages and salaries

A

Distribution cost

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Q

Travelling expenses

A

Distribution cost

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Loss on sale of distribution asset

Distribution cost

Cartage inwards

Cost of goods sold

Customs duty

Cost of goods sold

Freight inwards

Cost of goods sold

Packaging costs

Cost of goods sold

Purchases

Cost of goods sold

Advertising

Distribution costs

Cartage inwards

Distribution cost

Commission

Distribution cost

Delivery expenses

Distribution cost

Depreciation on shop fittings

Distribution cost

Depreciation on delivery vehicles

Distribution cost

Freight inwards

Distribution cost

Repairs to delivery vehicles

Distribution cost

Repairs and maintenance

Distribution cost

Sales wages and salaries

Distribution cost

Travelling expenses

Distribution cost

Loss on sale of distribution asset

Distribution cost

Interest on loan

Finance cost

Interest on overdraft

Finance cost

Interest on hire purchase

Finance cost

Accounting fees

Administrative expense

Audit fees

Administrative expense

Depreciation (other than shop fittings or delivery vehicles)

Administrative expense

electricity

Administrative expense

General expenses

Administrative expense

Insurance

Administrative expense

Office expenses

Administrative expense

Postage

Administrative expense

Printing

Administrative expense

Rates

Administrative expense

Rent

Administrative expense

Repairs and maintenance (other than to shop fittings or delivery vehicles)

Administrative expense

Salaries

Administrative expense

Stationary

Administrative expense

Telephone and internet

Administrative expense

Vehicle expenses (other than delivery vehicles)

Administrative expense

Wages

Administrative expense

Donations

Administrative expense

Loss on sale of asset

Administrative expense