Accounts Flashcards
1
Q
Cash
A
DEBIT
balance account
Asset
BS
2
Q
Accounts recievable
A
DEBIT
balance account
Asset
BS
3
Q
Notes recievables
A
DEBIT
balance account
4
Q
Prepayed insurance
A
DEBIT
balance account
5
Q
Supplies
A
6
Q
Equipement
A
DEBIT
balance account
7
Q
Buildings
A
DEBIT
balance account
8
Q
Land
A
DEBIT
balance account
9
Q
Accounts payable
(or Trade payables)
A
CREDIT
balance account
10
Q
Notes payables
A
CREDIT
balance account
11
Q
Unearned revenue
A
CREDIT
balance account
12
Q
Accrued liabilities
A
13
Q
Owner capital
A
CREDIT
balance account
14
Q
Owner withdrawals
A
DEBIT
balance account
15
Q
Earned Revenue
A
CREDIT
balance account
