Classifications- Balance Sheet Flashcards by User Unknown

Q

Capital

A

Owners Equity

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Q

Net Profit/Net Loss

A

Owners Equity

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Q

Less Drawings

A

Owners Equity

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Q

Petty Cash/ Cash in Hand

A

Assets - Current Assets

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Q

Bank

A

Assets - Current Assets

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Q

Accounts Receivable

A

Assets - Current Assets

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Q

Less Provision for doubtful debts

A

Assets - Current Assets

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Q

Inventory Control

A

Assets - Current Assets

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Q

Accrued Revenue

A

Assets - Current Assets

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Q

Prepaid Expense

A

Assets - Current Assets

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Q

Furniture

A

Non Current Assets -Property Plant and Equipment

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Q

Less Accumulated Depreciation

A

Non Current Assets -Property Plant and Equipment

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Q

Vehicles

A

Non Current Assets -Property Plant and Equipment

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Q

Equipment

A

Non Current Assets -Property Plant and Equipment

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Q

Buildings

A

Non Current Assets -Property Plant and Equipment

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Q

Land

A

Non Current Assets -Property Plant and Equipment

Q

Bonds

A

Non Current Assets - Investments

Q

Invenstment

A

Non Current Assets - Investments

Q

Debentures

A

Non Current Assets - Investments

Q

Loans

A

Non Current Assets - Investments

Q

Shares

A

Non Current Assets - Investments

Q

Copyright

A

Non Current Assets - Intangibles

Q

Goodwill

A

Non Current Assets - Intangibles

Q

Patents

A

Non Current Assets - Intangibles

Accounts Payable

Liabilities- Current Liability

GST Cleaing

Liabilities- Current Liability

Loans (Short Term)- Less than 1 year

Liabilities- Current Liability

Bank Overdraft

Liabilities- Current Liability

Accrued Expense

Liabilities- Current Liability

Unearned Revenues

Liabilities- Current Liability

Loans (Long Term)- more than 1 year

Liabilities- Non- Current Liability

Mortgages

Liabilities- Non- Current Liability