Accounts Flashcards
Cash
DEBIT
balance account
Asset
BS
Accounts recievable
DEBIT
balance account
Asset
BS
Notes recievables
DEBIT
balance account
Prepayed insurance
DEBIT
balance account
Supplies
Equipement
DEBIT
balance account
Buildings
DEBIT
balance account
Land
DEBIT
balance account
Accounts payable
(or Trade payables)
CREDIT
balance account
Notes payables
CREDIT
balance account
Unearned revenue
CREDIT
balance account
Accrued liabilities
Owner capital
CREDIT
balance account
Owner withdrawals
DEBIT
balance account
Earned Revenue
CREDIT
balance account
Expenses
Consulting revenue
CREDIT
balance account
Salary exspense
DEBIT
balance account
Inventory
DEBIT
balance account
Rent expense
DEBIT
balance account
Income Tax payable
CREDIT
balance account
Prepaid Rent
DEBIT
balane account
Wages payable
CREDIT
balance account
Advertising expense
DEBIT
balance account