Classifications- Balance Sheet Flashcards
1
Q
Capital
A
Owners Equity
2
Q
Net Profit/Net Loss
A
Owners Equity
3
Q
Less Drawings
A
Owners Equity
4
Q
Petty Cash/ Cash in Hand
A
Assets - Current Assets
5
Q
Bank
A
Assets - Current Assets
6
Q
Accounts Receivable
A
Assets - Current Assets
7
Q
Less Provision for doubtful debts
A
Assets - Current Assets
8
Q
Inventory Control
A
Assets - Current Assets
9
Q
Accrued Revenue
A
Assets - Current Assets
10
Q
Prepaid Expense
A
Assets - Current Assets
11
Q
Furniture
A
Non Current Assets -Property Plant and Equipment
12
Q
Less Accumulated Depreciation
A
Non Current Assets -Property Plant and Equipment
13
Q
Vehicles
A
Non Current Assets -Property Plant and Equipment
14
Q
Equipment
A
Non Current Assets -Property Plant and Equipment
15
Q
Buildings
A
Non Current Assets -Property Plant and Equipment
