Grade 12, term 2, classification Flashcards

(80 cards)

1
Q

Sales

A

Revenue - ordinary

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2
Q

Sales returns - neg

A

Revenue - ordinary

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3
Q

Service fees

A

Revenue - ordinary

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4
Q

Commission revenue

A

Revenue - other ordinary

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5
Q

Interest revenue

A

Revenue - other ordinary

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6
Q

Rent revenue

A

Revenue - other ordinary

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7
Q

Revenue from legal action

A

Revenue - other ordinary

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8
Q

Gain on sale

A

Revenue - other ordinary

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9
Q

Revenues outside ordinary activities

A

Revenue - extraordinary

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10
Q

Cost of goods sold

A

Expenses - cost of sales

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11
Q

Inventory adjustment / shortage

A

Expenses - cost of sales

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12
Q

Cartage inwards

A

Expenses - cost of sales

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13
Q

Packaging expense

A

Expenses - cost of sales

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14
Q

Buying expense

A

Expenses - cost of sales

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15
Q

Advertising

A

Other ordinary - selling and distribution

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16
Q

Cartage outwards - delivery expense

A

Other ordinary - selling and distribution

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17
Q

Commission on sales

A

Other ordinary - selling and distribution

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18
Q

Delivery vehicle expenses

A

Other ordinary - selling and distribution

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19
Q

Depreciation on delivery vehicle

A

Other ordinary - selling and distribution

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20
Q

Salaries - sales personnel

A

Other ordinary - selling and distribution

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21
Q

Showroom expenses

A

Other ordinary - selling and distribution

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22
Q

Wages - sales personnel

A

Other ordinary - selling and distribution

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23
Q

Direct mailing selling expense

A

Other ordinary - selling and distribution

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24
Q

Loss on disposal or delivery vehicle

A

Other ordinary - selling and distribution

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25
Computer expense
Other ordinary - general and administrative
26
Electricity
Other ordinary - general and administrative
27
Insurance
Other ordinary - general and administrative
28
Motor vehicle expense
Other ordinary - general and administrative
29
Rates and taxes
Other ordinary - general and administrative
30
Rent expense
Other ordinary - general and administrative
31
Repairs and maintenance
Other ordinary - general and administrative
32
Salaries - office personnel
Other ordinary - general and administrative
33
Stationery and printing
Other ordinary - general and administrative
34
Telephone
Other ordinary - general and administrative
35
Wages - office personnel
Other ordinary - general and administrative
36
Legal costs
Other ordinary - general and administrative
37
Photocopying expenses
Other ordinary - general and administrative
38
Depreciation - assets
Other ordinary - general and administrative
39
Subscriptions
Other ordinary - general and administrative `
40
Accounting fees
Other ordinary - general and administrative
41
Cleaning
Other ordinary - general and administrative
42
Postage
Other ordinary - general and administrative
43
Loss on disposal of asset
Other ordinary - general and administrative
44
Bad debts
Other ordinary - finance
45
Bank charges
Other ordinary - finance
46
Credit/debit card fees
Other ordinary - finance
47
Interest expense
Other ordinary - finance
48
Doubtful Debts
Other ordinary - finance
49
Capital
Owners Equity
50
Net profit/net loss
Owners Equity
51
Less drawings
Owners Equity
52
Petty cash / cash in hand
Assets - Current assets
53
Bank
Assets - Current assets
54
Accounts receivable
Assets - Current assets
55
Less provision for doubtful debts
Assets - Current assets
56
Inventory control
Assets - Current assets
57
Accrued revenue
Assets - Current assets
58
Prepaid expense
Assets - Current assets
59
Furniture
Non current assets - property, plant and equipment
60
Less accumulated depreciation
Non current assets - property, plant and equipment
61
Vehicles
Non current assets - property, plant and equipment
62
Equipment
Non current assets - property, plant and equipment
63
Buildings
Non current assets - property, plant and equipment
64
Land
Non current assets - property, plant and equipment
65
Bonds
Non current assets - Investments
66
Investment
Non current assets - Investments
67
Debentures
Non current assets - Investments
68
Loans
Non current assets - Investments
69
Shares
Non current assets - Investments
70
Copyright
Non current assets - Intangible
71
Goodwill
Non current assets - Intangible
72
Patents
Non current assets - Intangible
73
Accounts payable
Liabilities - current liabilities
74
GST clearing
Liabilities - current liabilities
75
Loans (short term)
Liabilities - current liabilities
76
Bank overdraft
Liabilities - current liabilities
77
Accrued expense
Liabilities - current liabilities
78
Unearned revenues
Liabilities - current liabilities
79
Loans (long term)
Liabilities - non-current liabilities
80
Mortgages
Liabilities - current liabilities