Accounts Flashcards
1
Q
CASH
A
•ASSET
+ on the left
2
Q
ACCOUNTS PAYABLE
A
•LIABILITY
+ on the right
3
Q
GOODWILL
A
•ASSET
+ on the left
4
Q
UTILITIES PAYABLE
A
•LIABILITY
+ on the right
5
Q
ACCOUNTS RECEIVABLE
A
•ASSET
+ on the left
6
Q
NOTES PAYABLE
A
•LIABILITY
+ on the right
7
Q
COST OF GOODS SOLD
A
•EXPENSE
+ on the left
8
Q
PREPAID ADVERTISING EXPENSE
A
•ASSET
+ on the left
9
Q
LAND
A
•ASSET
+ on the left
10
Q
UNEARNED SALES REVENUE
A
•LIABILITY
+ on the right
11
Q
INVENTORY
A
•ASSET
+ on the left
12
Q
SALES REVENUES
A
•REVENUE
+ on the right
13
Q
ADVERTISING EXPENSE
A
•EXPENSE
+ on the left
14
Q
INCOME TAX EXPENSE
A
•EXPENSE
+ on the left
15
Q
LWAREHOUSE EQUIPMENT
A
•ASSET
+ on the left
16
Q
CAPITAL CONTRIBUTIONS
A
•EQUITY
+ on the right
17
Q
INCOME TAXES PAYABLES
A
•LIABILITY
+ on the right
