Accounting - Account types Flashcards
1
Q
Cash
A
Current Asset, Balance Sheet
2
Q
Deferred Revenue
A
Current Liability, Balance Sheet
3
Q
Treasury Stock
A
Contra-Equity, Balance Sheet
4
Q
Cost of Goods Sold
A
Expense, Income Statement
5
Q
Interest Expense
A
Expense, Income Statement
6
Q
Sales
A
Revenues, Income Statement
7
Q
Sales Discounts
A
Contra-Rev, IS
8
Q
Sales Returns
A
Contra-Rev IS
9
Q
Discounts on Bonds Payable
A
Longterm Contra-Liab BS
10
Q
Inventory
A
Current Asset BS
11
Q
Wages Payable
A
Current Liability BS
12
Q
Common Stock
A
Equity BS
13
Q
Accumulated Depreciation
A
Longterm Contra-Asset BS
14
Q
Income Taxes Payable
A
Current Liability BS
15
Q
Prepaid Expense
A
Current Asset BS
16
Q
Dividends Payable
A
Current Liability BS
