Item Definitions Flashcards

1
Q

Hire revenue

A

I

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2
Q

Bike maintenance

A

E

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3
Q

Admin expense

A

E

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4
Q

Wages

A

E

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5
Q

Gas/electricity

A

E

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6
Q

Cash at bank

A

A c

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7
Q

Cash on hand

A

A c

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8
Q

Office equipment

A

A nc

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9
Q

Bikes

A

A nc

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10
Q

Drawings

A

OE

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11
Q

Account s payable

A

L c

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12
Q

Bank loan

A

L c/nc when it is due

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13
Q

Accounts receivable

A

A c

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14
Q

Furniture

A

A nc

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15
Q

Inventory

A

A c

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16
Q

Trade receivable

A

A c

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17
Q

Goodwill

A

A intangible nc

18
Q

Borrowing

A

L c

19
Q

Secured debts

A

L c/nc timing

20
Q

Depreciation

A

E

21
Q

Prepaid insurance

A

A c

22
Q

Sales revenue

A

I

23
Q

Shop fittings

A

A less accumulated depreciation nc

24
Q

Wages payable

A

L c

25
Q

Electricity payable

A

L c

26
Q

Loan payable

A

L c/nc timing

27
Q

Prepaid expense

A

A c

28
Q

Accrued expense

A

L c

29
Q

Unearned revenue

A

L c

30
Q

Accrued revenue

A

A c

31
Q

Interest income

A

I

32
Q

Admin

A

E

33
Q

Rent

A

E

34
Q

Cost of sales

A

E

35
Q

Shareholders equity

A

OE

36
Q

Retained earnings

A

OE

37
Q

Interest received

A

I

38
Q

Mortgage payable

A

L NC

39
Q

Goodwill

A

A NC

40
Q

Capital

A

OE