Chapter 2 Flashcards
1
Q
Asset Accounts
A
Cash
Accounts Receivable
Notes Receivable
Inventory
Prepaid Accounts
Supplies
Equipment
Buildings
Land
2
Q
Liability Accounts
A
Accounts Payable
Notes Payable
Accrued Liabilities
Unearned Revenue
3
Q
Equity Accounts
A
Owner, Capital
Owner, Withdrawals
Revenues
Expenses
4
Q
Account Balance
A
the difference between totals debits and total credits for an account, including any beginning balance
5
Q
Assets (Debits & Credits T Account)
A
6
Q
Liabilities (Debits & Credits T Account)
A
7
Q
Equity (Debits & Credits T Account)
A
8
Q
Debt Ratio
A
9
Q
Owner, Capital (Debits & Credits T Account)
A
10
Q
Owner, Withdrawals (Debits & Credits T Account)
A
11
Q
Revenues (Debits & Credits T Account)
A
12
Q
Expenses (Debits & Credits T Account)
A
