Classification of financial elements Flashcards
Sales
Revenues/Income
Fees
Revenues/Income
Commission received
Other income
Gain on sale of an asset
Other income
Interest received
Other income
Rent received
Other income
Dividends received
Other income
Discount received
Other income
Cartage inwards
Cost of goods sold
Customs duty
Cost of goods sold
Freight inwards
Cost of goods sold
Packaging costs
Cost of goods sold
Purchases
Cost of goods sold
Advertising
Distribution costs
Cartage inwards
Distribution cost
Commission
Distribution cost
Delivery expenses
Distribution cost
Depreciation on shop fittings
Distribution cost
Depreciation on delivery vehicles
Distribution cost
Freight inwards
Distribution cost
Repairs to delivery vehicles
Distribution cost
Repairs and maintenance
Distribution cost
Sales wages and salaries
Distribution cost
Travelling expenses
Distribution cost
Loss on sale of distribution asset
Distribution cost
Cartage inwards
Cost of goods sold
Customs duty
Cost of goods sold
Freight inwards
Cost of goods sold
Packaging costs
Cost of goods sold
Purchases
Cost of goods sold
Advertising
Distribution costs
Cartage inwards
Distribution cost
Commission
Distribution cost
Delivery expenses
Distribution cost
Depreciation on shop fittings
Distribution cost
Depreciation on delivery vehicles
Distribution cost
Freight inwards
Distribution cost
Repairs to delivery vehicles
Distribution cost
Repairs and maintenance
Distribution cost
Sales wages and salaries
Distribution cost
Travelling expenses
Distribution cost
Loss on sale of distribution asset
Distribution cost
Interest on loan
Finance cost
Interest on overdraft
Finance cost
Interest on hire purchase
Finance cost
Accounting fees
Administrative expense
Audit fees
Administrative expense
Depreciation (other than shop fittings or delivery vehicles)
Administrative expense
electricity
Administrative expense
General expenses
Administrative expense
Insurance
Administrative expense
Office expenses
Administrative expense
Postage
Administrative expense
Printing
Administrative expense
Rates
Administrative expense
Rent
Administrative expense
Repairs and maintenance (other than to shop fittings or delivery vehicles)
Administrative expense
Salaries
Administrative expense
Stationary
Administrative expense
Telephone and internet
Administrative expense
Vehicle expenses (other than delivery vehicles)
Administrative expense
Wages
Administrative expense
Donations
Administrative expense
Loss on sale of asset
Administrative expense
