Account Types Flashcards
1
Q
Accounts Payable
A
Liability
2
Q
Accounts Receivable
A
Asset
3
Q
Bank Overdraft
A
Liability
4
Q
Amount Owed by Debtors
A
Asset
5
Q
Amount Owed by Creditors
A
Liability
6
Q
Building
A
Asset
7
Q
Capital
A
Owner’s Equity
8
Q
Cash at Bank
A
Asset
9
Q
Cash in Hand
A
Asset
10
Q
Copyright
A
Asset
11
Q
Debentures
A
Liability
12
Q
Motor Vehicle
A
Asset
13
Q
Motor Vehicle Expenses
A
Expense
14
Q
Drawings
A
Owner’s Equity
15
Q
Equipment
A
Asset
16
Q
Fixtures and Fittings
A
Asset
17
Q
Wages
A
Expense
18
Q
Goodwill
A
Asset
19
Q
Government Bonds
A
Asset
20
Q
Land
A
Asset
21
Q
Loan From
A
Liability
22
Q
Loan Payable
A
Liability
23
Q
Electricity
A
Expense
24
Q
Sales
A
Revenue
25
Q
Loan To
A
Asset
26
Q
Mortgage
A
Liability
27
Q
Cost of Goods Sold
A
Expense
28
Q
Patents
A
Asset
29
Q
Petty Cash
A
Asset
30
Q
Registered Trademark
A
Asset
31
Q
Shares
A
Asset
32
Q
Inventories
A
Asset
