Asset,liabilities Or Shareholders Equity Flashcards by Claire Parry-Glover

Q

Accounts Payable

A

Current Liability

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Q

Accounts receivable

A

Current Asset

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Q

Accumulated depreciation (buildings)

A

Non-current asset

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Q

Bank Indebtednesses

A

Current liabilitie

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Q

Bank loan payable

A

Current liability

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Q

Buildings

A

Non-current asset

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Q

Cash

A

Current asset

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Q

Common shares

A

Share holders equity

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Q

Deferred revenue

A

Current liability

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Q

Goodwill

A

Not current asset

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Q

Income tax payable

A

Current liability

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Q

Interest payable

A

Current liability

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Q

Inventory

A

Current asset

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Q

Land

A

Non-current asset

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Q

Mortgage payable (due in 10 years)

A

Non-current liability

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Q

Notes receivable

A

Current asset

Q

Prepaid insurance

A

Current asset

Q

Retained earnings

A

Shareholders equity

Q

Salaries payable

A

Current liability

Q

Sales taxes payable

A

Current liability

Q

Supplies

A

Current asset

Q

Trading investments

A

Current Asset

Q

Vehicles

A

Non-current asset

Q

Car loan

A

Non-current Liability