Classifications of Financial Elements Flashcards by Zac Jones

Q

Sales

A

Revenue/Income

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Q

Fees

A

Revenue/Income

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Q

Commission Received

A

Other Income

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Q

Gain on Sale on a Fixed 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

Discount Received

A

Other Income

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Q

Dividends Received

A

Other Income

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Q

Advertising

A

Distribution Cost

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Q

Cartage outwards

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 Outwards

A

Distribution Cost

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Q

Repairs on Delivery Vehicles

A

Distribution Cost

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Q

Repairs and Maintenance (Shop Fittings)

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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Q

Loss on Sale of Distribution Asset

A

Distribution Cost

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Q

Accounting Fees

A

Administrative Expenses

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Q

Audit Fees

A

Administrative Expenses

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Q

Depreciation (other than shop fittings or Delivery Vehicles)

A

Administrative Expenses

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Q

Electricity

A

Administrative Expenses

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General Expenses

Administrative Expenses

Insurance

Administrative Expenses

Office Expenses

Administrative Expenses

Postage

Administrative Expenses

Printing

Administrative Expenses

Rates

Administrative Expenses

Rent

Administrative Expenses

Repairs and maintenance (other than to Shop fittings or Delivery Vehicles)

Administrative Expenses

Salaries

Administrative Expenses

Stationery

Administrative Expenses

Telephone and Tolls

Administrative Expenses

Vehicles Expenses (other than Delivery Vehicles)

Administrative Expenses

Wages

Administrative Expenses

Donations

Administrative Expenses

Loss on sale of an asset

Administrative Expenses

Interest-loan

Finance Expenses

Interest-overdraft

Finance Expenses

Interest-hire/purchases

Finance Expenses

Bank (if a positive balance)

Current Assets

Petty Cash

Current Assets

Accounts Receivable

Current Assets

Prepayments

Current Assets

Accrued Income

Current Assets

Closing Inventories

Current Assets

Equipment

Property, Plant and Equipment

Buildings

Property, Plant and Equipment

Property

Property, Plant and Equipment

Vehicles

Property, Plant and Equipment

Plant (Machinery)

Property, Plant and Equipment

Shares in Other Companies

Investment

Long Term Monies held in Investment Accounts

Investment

Debentures

Investment

Goodwill

Intangible Assets

Patents

Intangible Assets

Royalties

Intangible Assets

Research and Development Costs

Intangible Assets