Classifications of Financial Elements Flashcards by Sam Wilson

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 of a fixed asset

A

Other Income

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Q

Intrest 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 Expense

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Q

Cartage Outwards

A

Distribution Expense

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Q

Commission

A

Distribution Expense

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Q

Delivery Expense

A

Distribution Expense

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Q

Depreciation on Shop Fittings

A

Distribution Expense

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Q

Depreciation on Delivery Van

A

Distribution Expense

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Q

Freight Outwards

A

Distribution Expense

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Q

Repairs to Delivery Vehicles

A

Distribution Expense

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Q

Repairs and Maintenance(Shop Fittings)

A

Distribution Expense

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Q

Sales, Wages and Salaries

A

Distribution Expense

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Q

Travelling Expense

A

Distribution Expense

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Q

Loss on sale of Distribution Asset

A

Distribution Expense

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Q

Accountancy Fess

A

Administration Expense

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Q

Audit Fees

A

Administration Expense

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Q

Depreciation (other than shop fittings or delivery van)

A

Administration Expense

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Q

Electricity

A

Administration Expense

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General Expenses

Administration Expense

Insurance

Administration Expense

Office Expenses

Administration Expense

Postage

Administration Expense

Printing

Administration Expense

Rates

Administration Expense

Rent

Administration Expense

Repairs and Maintenance (other than to shop fittings or delivery van)

Administration Expense

Salaries

Administration Expense

Stationery

Administration Expense

Telephone and Tolls

Administration Expense

Wages

Administration Expense

Donations

Administration Expense

Loss of sale of asset

Administration Expense

Vehicle Expenses (other than delivery vehicles)

Administration Expense

Intrest on Loan

Finance Costs

Intrest on Overdraft

Finance Costs

Intrest on Hire purchases

Finance Costs

Bank

Current Assets

Petty Cash

Current Assets

Accounts Receivable

Current Assets

Prepayments

Current Assets

Accrued Revenue

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

Investments

Long term monies held in investment accounts

Investments

Debentures

Investments

Goodwill

Intangible Asset

Patents

Intangible Asset

Royalties

Intangible Asset

Research and Development costs

Intangible Asset