ASSETS,EXPENSE,EQUITY,CONTRA,REVENUE,DEBIT,CREDIT Flashcards
1
Q
Freight In
A
Expense, Debit
2
Q
Purchase Returns and Allowance
A
Contra-Expense, Credit
3
Q
Delivery Expense
A
Expense, Debit
4
Q
Sales Discount
A
Contra-Revenue, Debit
5
Q
Sales Returns
A
Contra-Revenue, Debit
6
Q
Purchase Discount
A
Contra-Expense, Credit
7
Q
Merchandise Inventory
A
Asset, Debit
8
Q
Cost of Goods Sold
A
Expense, Debit
9
Q
Sales Revenue
A
Revenue, Credit
