Accounting + Finance REALO Flashcards
0
Q
Accounts Receivable
A
Asset
1
Q
Accounts Payable
A
Liability
2
Q
Advertising
A
Expense
3
Q
Buildings
A
Asset
4
Q
Capital
A
Owner’s Equity
5
Q
Cash at Bank
A
Asset
6
Q
Commission Revenue
A
Revenue
7
Q
Cost of Goods Sold
A
Expense
8
Q
Delivery Van
A
Asset
9
Q
Delivery Van Expenses
A
Expense
10
Q
Drawings
A
Owner’s Equity
11
Q
Electricity
A
Expense
12
Q
GST Payable
A
Liability
13
Q
Insurance
A
Expense
14
Q
Interest on Mortgage
A
Expense
15
Q
Interest Revenue
A
Revenue
16
Q
Inventories
A
Asset
17
Q
Land
A
Asset
18
Q
Mortgage
A
Liability
19
Q
Rent Revenue
A
Revenue
20
Q
Sales
A
Income
21
Q
Sales Salaries
A
Expense
22
Q
Delivery Vehicles
A
Asset
23
Q
Other Expenses
A
Expense
24
Equipment
Asset
25
Interest Expense
Expense
26
Office Expenses
Expense
27
Office Furniture
Asset
28
Office Wages
Expense
29
Selling Expenses
Expense
30
Shares
Asset
31
Vehicles
Asset
32
Bank Loan
Liability
33
GST Owing to ATO
Liability
34
Premises
Asset
35
Sales Returns
Revenue
36
Rent Received
Revenue
37
Interest Received
Revenue
38
Commission Revenue
Revenue
39
Dividends Received
Revenue
40
Accounting Fees
Expense
41
Maintenence
Expense
42
Stationery
Expense
43
Goodwill
Asset
44
Loans
Liability
