Accounts Flashcards by Tandra Taito

Q

CASH

A

•ASSET

+ on the left

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Q

ACCOUNTS PAYABLE

A

•LIABILITY

+ on the right

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Q

GOODWILL

A

•ASSET

+ on the left

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Q

UTILITIES PAYABLE

A

•LIABILITY

+ on the right

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Q

ACCOUNTS RECEIVABLE

A

•ASSET

+ on the left

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Q

NOTES PAYABLE

A

•LIABILITY

+ on the right

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Q

COST OF GOODS SOLD

A

•EXPENSE

+ on the left

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Q

PREPAID ADVERTISING EXPENSE

A

•ASSET

+ on the left

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Q

LAND

A

•ASSET

+ on the left

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Q

UNEARNED SALES REVENUE

A

•LIABILITY

+ on the right

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Q

INVENTORY

A

•ASSET

+ on the left

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Q

SALES REVENUES

A

•REVENUE

+ on the right

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Q

ADVERTISING EXPENSE

A

•EXPENSE

+ on the left

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Q

INCOME TAX EXPENSE

A

•EXPENSE

+ on the left

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Q

LWAREHOUSE EQUIPMENT

A

•ASSET

+ on the left

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Q

CAPITAL CONTRIBUTIONS

A

•EQUITY

+ on the right

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Q

INCOME TAXES PAYABLES

A

•LIABILITY

+ on the right

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Q

DIVIDENDS

A

•DIVIDEND

+ on the left

Q

CONSULTING REVENUES

A

•REVENUE

+ on the right

Q

NOTES PAYABLE

A

•LIABILITY

+ on the right

Q

PATENTS

A

•ASSET

+ on the left

Q

RETAINED EARNINGS

A

•EQUITY

+ on the right

Q

PREPAID INSURANCE

A

•ASSET

+ on the left

Q

LOSS ON SALE OF EQUIPMENT

A

•EXPENSE

+ on the left

INTEREST REVENUES

•REVENUE + on the right

RENT EXPENSE

•EXPENSE + on the left

OFFICE SUPPLIES

•ASSET + on the left

PREPAID RENT EXPENSE

•ASSET + on the left

COMMON STOCK

•EQUITY + on the right

GAIN ON SALE OF EQUIPMENT

•REVENUE + on the right

PARTNER CAPITAL

•EQUITY + on the right

SALARIES AND WAGES PAYABLE

•LIABILITY + on the right

RENT REVENUES

•REVENUE + on the right

PREFERRED STOCK

•EQUITY + on the right

COPYRIGHTS

•ASSET + on the left

MCAPITAL DISTRIBUTIONS

•DIVIDEND + on the left

DIVIDENDS PAYABLE

•LIABILITY + on the right

PREPAID RENT

•ASSET + on the left

MORTGAGES PAYABLE

•LIABILITY + on the right

INTEREST PAYABLE

•LIABILITY + on the right

WITHDRAWALS

•DIVIDENDS + on the left

NOTES RECEIVABLE

• ASSET + on the left

BONDS PAYABLE

•LIABILITY + on the right

TRADEMARKS

•ASSET + on the left