Classification Flashcards
1
Q
Fuel
A
expense
2
Q
Trading inventory
A
current asset
3
Q
Morgage loan
A
non-current liability
4
Q
Water and electricity
A
expense
5
Q
Cash flout / petty cash
A
current asset
6
Q
Vehicles
A
non-current asset
7
Q
Short-term loan
A
current liability
8
Q
Current income
A
income
9
Q
Insurance
A
expense
10
Q
Debtors
A
current asset
11
Q
Drawings
A
owners equty O.E
12
Q
Sales
A
income
13
Q
Bank overdraft
A
current-liability
14
Q
Bank charges
A
expense
15
Q
Creditors control
A
current liability
16
Q
Interest on bank overdraft
A
expense
17
Q
Fixed deposit
A
non-current asset
18
Q
Interest on fixed deposit
A
income
