Income Statement Flashcards
(24 cards)
1
Q
Sales
A
Income
2
Q
Fees
A
Income
3
Q
Interest Received
A
Income
4
Q
Advertising
A
Distribution Cost
5
Q
Sales Wages
A
Distribution Cost
6
Q
Shop Rent
A
Distribution Cost
7
Q
Shop Electricity
A
Distribution Cost
8
Q
Deliver Expenses
A
Distribution Cost
9
Q
Vehicle Expenses
A
Distribution Cost
10
Q
Depreciation on Van
A
Distribution Cost
11
Q
Office Salaries
A
Administrative Cost
12
Q
Telephone and Tolls
A
Administrative Cost
13
Q
Insurance
A
Administrative Cost
14
Q
Rates
A
Administrative Cost
15
Q
Bad Debts
A
Administrative Cost
16
Q
Depreciation on Office Equipment
A
Administrative Cost
17
Q
Stationery
A
Administrative Cost
18
Q
Office Expenses
A
Administrative Cost
19
Q
Rent
A
Administrative Cost
20
Q
Electricity
A
Administrative Cost
21
Q
Interest on Loan
A
Finance Cost
22
Q
Interest Paid
A
Finance Cost
23
Q
Accounting Fees
A
Administrative Cost
24
Q
Insurance on vehicle
A
Distribution Costs
