INTACC 3 Flashcards by Qyq Sqlut

Q

accrued interest on bonds payable

A

current liabilities

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Q

accrued rental income

A

current assets

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Q

accrued interest on note receivable

A

current assets

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Q

advances to supplier

A

current assets

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Q

fully depreciated machinery still in use

A

non current assets

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Q

share capital

A

equity

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Q

retained earnings unappropriated

A

equity

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Q

financial assets held for trading

A

current assets

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Q

investment in associate

A

non current asset

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Q

estimated warranty liability

A

current liability

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Q

sinking fund

A

non current asset

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Q

instalment accounts receivable, average normal collection period of 18 mos.

A

current asset

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Q

leasehold improvement

A

non current assets

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Q

reserves

A

equity

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Q

share premium

A

equity

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Q

discounts on bonds payable

A

NCL

Q

trademark

A

NCA

Q

goodwill

A

NCA

Q

premium on bonds payable due in 5 years

A

NCL

Q

building that is being constructed for use as investment property

A

NCA

Q

franchise

A

NCA

Q

treasury shares

A

equity

Q

deficit

A

equity

Q

equipment classified as “held for sale”

A

CA

unearned rent revenue

CL

accumulated depreciation

NCA

cash dividends payable

CL

revaluation surplus

equity

allowance for doubtful accounts

CA

deferred tax asset

NCA

deferred tax liability

NCL

accrued benefit cost

CL

patent

NCA

income tax payable

Cl

subscription revenue received in advance

CL

cash surrender value of life insurance

NCA