Type of Accounts Flashcards Preview

Accounting 100 > Type of Accounts > Flashcards

Flashcards in Type of Accounts Deck (23):
1

Cash

Asset

2

Accounts Receivable

Asset

3

Supplies

Asset

4

Equipment

Asset

5

Accounts Payable

Liability

6

Capital

Equity

7

Drawing

Contra Equity

8

Fees Income

Revenue

9

Equipment Repair Expense

Expense

10

Rent Expense

Expense

11

Salaries Expense

Expense

12

Telephone Expense

Expense

13

Utilities Expense

Expense

14

Sales

Revenue

15

Sales Tax Payable

Liability

16

Sales Discount

Contra Revenue

17

Sales Returns and Allowances

Contra Revenue

18

Credit Card Expense

Expense

19

Purchases

Expense

20

Purchases Returns and Allowances

Contra Expense

21

Purchases Discounts

Contra Expense

22

Freight In or Transportation In

Expense

23

Cost of Goods Sold

Expense