Expense, Income, Non-current assets, non-current liability, current assets or current liability Flashcards
Expense, Income, Non-current assets, non-current liability, current assets or current liability (14 cards)
In which category does the following fall under:
~ Cost of sales
~ Rent expense
~ Interest expense
Expenses
In which category does the following fall under:
~ Sales
~ Rent income
~ Interest income
Income
In which category does the following fall under:
~ Land and buildings
~ Machinery
~ Equipment
Non-current assets
In which category does the following fall under:
~ Long-term loan
~ Mortgage loan
Non-current liabilities
In which category does the following fall under:
~ Trading inventory (stock)
~ Debtors (Accounts receivable/ customers)
~ Bank
~ Petty Cash
Current assets
In which category does the following fall under:
~ Short-term loans
~ Creditors (Accounts payable/ Suppliers)
~ Bank overdraft
Current liabilities
In which category does the following fall under:
~ Settlements discount granted
~ Salaries and wages
~ Insurance
Expenses
In which category does the following fall under:
~ Repairs and Maintenace
~ Advertising
~ Postage
Expenses
In which category does the following fall under:
~ Settlement discount received
~ Commision received
Income
In which category does the following fall under:
~ Funiture
~ Vehicles
~ Long-term investments
Non- current assets
In which category does the following fall under:
~ Cash Float
~ Vat input
~ Deposit paid
Current assets
In which category does the following fall under:
~ Vat output
~ Deposit received
Current liabilities
In which category does the following fall under:
~ Rates and taxes
~ Telephone
~ Fuel
Expenses
In which category does the following fall under:
~ Packaging materials
~ Stationery
~ Office consumable
Expenses
