Accounts Exam Flashcards
1
Q
Accounts Payable
A
Classification: Current Liability Financial Statements: Balance Sheet Normal Balance: Credit
2
Q
Accounts Receivable
A
Classification: Current Asset Financial Statements: Balance Sheet Normal Balance: Debit
3
Q
Accrued Expenses
A
Classification: Current Liability Financial Statements: Balance Sheet Normal Balance: Credit
4
Q
Accrued Liabilities
A
Classification: Current Liability Financial Statements: Balance Sheet Normal Balance: Credit
5
Q
Accumulated Depreciation-Buildings
A
Classification: Property, Plant, and Equipment- Contra Financial Statements: Balance Sheet Normal Balance: Credit
6
Q
Accumulated Depreciation- Equipment
A
Classification: Property, Plant, and Equipment- Contra Financial Statements: Balance Normal Balance: Credit
