Chart of Accounts Groups Flashcards
1
Q
Cash
A
Asset
2
Q
Accounts Receivable
A
Asset
3
Q
Other Receivables
A
Asset
4
Q
Inventory
A
Asset
5
Q
Prepaid Insurance
A
Asset
6
Q
Security Deposit
A
Asset
7
Q
Fixtures and Equipment
A
Asset
8
Q
Accumulated Depreciation- Fixtures and Equipment
A
Asset
9
Q
Common Stock
A
Equity
10
Q
Retained Earnings
A
Equity
11
Q
Accounts Payable
A
Liability
12
Q
Interest Payable
A
Liability
13
Q
Wages Payable
A
Liability
14
Q
Taxes Payable
A
Liability
15
Q
Unearned Revenue
A
Liability
16
Q
Notes Payable
A
Liability
17
Q
Sales Revenue
A
Revenue and Income
18
Q
Interest Revenue
A
Revenue and Income
19
Q
Cost of Goods Sold
A
Expense
20
Q
Wages Expense
A
Expense
21
Q
Rent Expense
A
Expense
22
Q
Advertising Expense
A
Expense
23
Q
Depreciation Expense- Fixtures and Equipment
A
Expense
24
Q
Insurance Expense
A
Expense
25
Q
Interest Expense
A
Expense
26
Q
Tax Expense
A
Expense
