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
