Assests Expenses Liabilities Equity Revenue Flashcards

1
Q

Cash at bank

A

Current asset, debit

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2
Q

Petty cash

A

Current Asset debit

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3
Q

Inventory/stock

A

Current asset DEBIT

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4
Q

Accounts receivable

A

Current asset DEBIT

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5
Q

GST pid/ receivable

A

Current asset DEBIT

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6
Q

Computer equipment

A

Non current asset DEBIT

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7
Q

Land and buildings

A

Non current asset DEBIT

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8
Q

Machinery and equipment

A

Non current asset DEBIT

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9
Q

Fixtures and fittings

A

Non current asset DEBIT

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10
Q

Motor vehicles

A

Non current asset DEBIT

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11
Q

Trucks and trailers

A

Non current asset DEBIT

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12
Q

Storage asset

A

Non current asset DEBIT

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13
Q

Leases

A

Non current asset DEBIT

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14
Q

Tools less than $1000

A

Non current asset DEBIT

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15
Q

Goodwill

A

Intangible asset DEBIT

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16
Q

Trademarks

A

Intangible assets DEBIT

17
Q

Mastheads

A

Intangible assets DEBIT

18
Q

Rights

A

Intangible asset DEBIT

19
Q

Interest expenses

A

Expense DEBIT

20
Q

Rental expense

A

Expense DEBIT

21
Q

Commission expense

A

Expense DEBIT

22
Q

Discount allowed

A

Expense DEBIT

23
Q

Small tools and replacements less than 1000

A

Expenses DEBIT

24
Q

Motor vehicle expenses

A

Expense DEBIT

25
Land and water rates
Expense DEBIT
26
Travel
Expense DEBIT
27
Wages and salaries
Expense DEBIT
28
Superannuation expenses
Expense DEBIT
29
Bank fees
Expense debit
30
Legal fees
Expense debit
31
Catering and meetings
Expense DEBIT
32
Freight and postage
Expense DEBIT
33
Cost of goods sold
Expense DEBIT
34
Stationery and printing
Expense DEBIT