Accounts Flashcards

1
Q

Cash

A

DEBIT

balance account

Asset

BS

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2
Q

Accounts recievable

A

DEBIT

balance account

Asset

BS

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3
Q

Notes recievables

A

DEBIT

balance account

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4
Q

Prepayed insurance

A

DEBIT

balance account

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5
Q

Supplies

A
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6
Q

Equipement

A

DEBIT

balance account

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7
Q

Buildings

A

DEBIT

balance account

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8
Q

Land

A

DEBIT

balance account

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9
Q

Accounts payable

(or Trade payables)

A

CREDIT

balance account

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10
Q

Notes payables

A

CREDIT

balance account

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11
Q

Unearned revenue

A

CREDIT

balance account

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12
Q

Accrued liabilities

A
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13
Q

Owner capital

A

CREDIT

balance account

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14
Q

Owner withdrawals

A

DEBIT

balance account

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15
Q

Earned Revenue

A

CREDIT

balance account

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16
Q

Expenses

17
Q

Consulting revenue

A

CREDIT

balance account

18
Q

Salary exspense

A

DEBIT

balance account

19
Q

Inventory

A

DEBIT

balance account

20
Q

Rent expense

A

DEBIT

balance account

21
Q

Income Tax payable

A

CREDIT

balance account

22
Q

Prepaid Rent

A

DEBIT

balane account

23
Q

Wages payable

A

CREDIT

balance account

24
Q

Advertising expense

A

DEBIT

balance account