Classification Flashcards by Crystal van Zyl

Q

Fuel

A

expense

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Q

Trading inventory

A

current asset

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Q

Morgage loan

A

non-current liability

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Q

Water and electricity

A

expense

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Q

Cash flout / petty cash

A

current asset

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Q

Vehicles

A

non-current asset

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Q

Short-term loan

A

current liability

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Q

Current income

A

income

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Q

Insurance

A

expense

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Q

Debtors

A

current asset

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Q

Drawings

A

owners equty O.E

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Q

Sales

A

income

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Q

Bank overdraft

A

current-liability

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Q

Bank charges

A

expense

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Q

Creditors control

A

current liability

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Q

Interest on bank overdraft

A

expense

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Q

Fixed deposit

A

non-current asset

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Q

Interest on fixed deposit

A

income

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Q

Interest on loan

A

expense

Q

Rent income

A

income

Q

Rent expense

A

expense

Q

Bank

A

current asset

Q

Wages

A

expense

Q

Consumables

A

expense

Q

Debtors control

A

current asset

Q

Donation given

A

expense

Q

Donation received

A

income

Q

Land and buildings

A

non-current asset

Q

Trading stock

A

current asset

Q

Repairs

A

expense

Q

Capital

A

owners equty O.E

Q

Creditors control

A

current liability

Q

Wages

A

expense

Q

Bank overdraft

A

current liability

Q

Postage

A

expense

Q

Interest paid

A

expense

Q

Interest on fixed deposit

A

income

Q

Stationery

A

expense

Q

Savings account

A

current asset

Q

Telephone

A

expense

Q

Equipment

A

non-current asset

Q

Fixed deposit

A

non-current asset

Q

Consumables

A

expense

Q

Packing material

A

expense

Q

Investments

A

non-current asset