Account Types - Drill Cards

Question 1

Cash

Answer 1

Asset

Question 2

Petty Cash

Answer 2

Asset

Question 3

Accounts Receivable

Answer 3

Asset

Question 4

Interest Receivable

Answer 4

Asset

Question 5

Rent Receivable

Answer 5

Asset

Question 6

Inventory

Answer 6

Asset

Question 7

Supplies

Answer 7

Asset

Question 8

Prepaid Insurance

Answer 8

Asset

Question 9

Prepaid Rent

Answer 9

Asset

Question 10

Land

Answer 10

Asset

Question 11

Equipment

Answer 11

Asset

Question 12

Buildings

Answer 12

Asset

Question 13

Vehicles

Answer 13

Asset

Question 14

Investments

Answer 14

Asset

Question 15

Notes Receivable

Answer 15

Asset

Question 16

Accounts Payable

Answer 16

Liability

Question 17

Notes Payable

Answer 17

Liability

Question 18

Salaries & Wages Payable

Answer 18

Liability

Question 19

Income Tax Payable

Answer 19

Liability

Question 20

Interest Payable

Answer 20

Liability

Question 21

Dividends Payable

Answer 21

Liability

Question 22

Bonds Payable

Answer 22

Liability

Question 23

Mortgage Payable

Answer 23

Liability

Question 24

Credit Card Payable

Answer 24

Liability

Question 25

Sales Tax Payable

Answer 25

Liability

Question 26

Unearned Revenue

Answer 26

Liability

Question 27

Warranty Liability

Answer 27

Liability

Question 28

Capital

Answer 28

Owner’s Equity

Question 29

Service Revenue

Answer 29

Revenues

Question 30

Sales

Answer 30

Revenues

Question 31

Interest Income

Answer 31

Revenues

Question 32

Rent Revenues

Answer 32

Revenues

Question 33

Advertising Expense

Answer 33

Expenses

Question 34

Amortization Expense

Answer 34

Expenses

Question 35

Bad Debt Expense

Answer 35

Expenses

Question 36

Depreciation Expense

Answer 36

Expenses

Question 37

Income Tax Expense

Answer 37

Expenses

Question 38

Insurance Expense

Answer 38

Expenses

Question 39

Rent Expense

Answer 39

Expenses

Question 40

Interest Expense

Answer 40

Expenses

Question 41

Salaries & Wages Expense

Answer 41

Expenses

Question 42

Supplies Expense

Answer 42

Expenses

Question 43

Utilities Expense

Answer 43

Expenses

Question 44

Repairs Expense

Answer 44

Expenses

Question 45

Payroll Tax Expense

Answer 45

Expenses

Question 46

Warranty Expense

Answer 46

Expenses

Question 47

Cost of Goods Sold

Answer 47

Expenses

Question 48

Withdrawals

Answer 48

Contra-Owner’s Equity

Question 49

Accumulated Depreciation

Answer 49

Contra-Asset

Question 50

Sales Returns & Allowances

Answer 50

Contra-Revenue

Question 51

Sales Discounts

Answer 51

Contra-Revenue

Question 52

Purchases Returns & Allowances

Answer 52

Contra-Expense

Question 53

Purchase Discounts

Answer 53

Contra-Expense

Question 54

Allowance for Doubtful Accounts

Answer 54

Contra-Asset