Classifications- Balance Sheet Flashcards by User Unknown

Q

Capital

A

Owners Equity

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Net Profit/Net Loss

A

Owners Equity

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Less Drawings

A

Owners Equity

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Petty Cash/ Cash in Hand

A

Assets - Current Assets

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Bank

A

Assets - Current Assets

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Accounts Receivable

A

Assets - Current Assets

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Less Provision for doubtful debts

A

Assets - Current Assets

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Inventory Control

A

Assets - Current Assets

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Accrued Revenue

A

Assets - Current Assets

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Prepaid Expense

A

Assets - Current Assets

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Furniture

A

Non Current Assets -Property Plant and Equipment

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Less Accumulated Depreciation

A

Non Current Assets -Property Plant and Equipment

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Vehicles

A

Non Current Assets -Property Plant and Equipment

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Equipment

A

Non Current Assets -Property Plant and Equipment

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Buildings

A

Non Current Assets -Property Plant and Equipment

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

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

Q

Accounts Payable

A

Liabilities- Current Liability

Q

GST Cleaing

A

Liabilities- Current Liability

Q

Loans (Short Term)- Less than 1 year

A

Liabilities- Current Liability

Q

Bank Overdraft

A

Liabilities- Current Liability

Q

Accrued Expense

A

Liabilities- Current Liability

Q

Unearned Revenues

A

Liabilities- Current Liability

Q

Loans (Long Term)- more than 1 year

A

Liabilities- Non- Current Liability

Q

Mortgages

A

Liabilities- Non- Current Liability