Accounts Flashcards

1
Q

Accrued income

A

CA

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2
Q

Discount allowed

A

COS

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3
Q

Unearned fees

A

CL

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4
Q

Doubtful debts

A

Selling & distribution

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5
Q

Bank overdraft

A

CL

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6
Q

Allowance for doubtful debts

A

—CA

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7
Q

accrued expenses

A

CL

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8
Q

Unearned fees

A

CL

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9
Q

Accumulated depreciation

A

—NCA

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10
Q

Accrued income

A

CA

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11
Q

Depreciation

A

Expense

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12
Q

Mortgage

A

NCL

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13
Q

Sales

A

Income

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14
Q

Gain on sale of asset

A

Income

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15
Q

Inventory

A

CA

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16
Q

Freight inwards

A

COS

17
Q

Prepaid expense

A

CA

18
Q

Advertising

A

Selling & distribution

19
Q

Freight outwards

A

Selling and distribution

20
Q

Interest on loan

A

Financial

21
Q

Accounts receivable

A

CA

22
Q

Accounts payable

A

CL

23
Q

Capital

A

Eq