Classifications of Financial Elements Flashcards
Sales
Revenue and Income
Fees
Revenue and Income
Commission received
Other Income
Gain on sale of a fixed asset
Other Income
Interest received
Other Income
Rent received
Other Income
Discount received
Other Income
Dividends received
Other Income
Advertising
Distribution cost
Cartage outwards
Distribution cost
Commission
Distribution cost
Delivery expenses
Distribution cost
Depreciation on shop fittings
Distribution cost
Depreciation on delivery vehicles
Distribution cost
Freight outwards
Distribution cost
Repairs to delivery vehicles
Distribution cost
Repairs and maintenance (shop fittings)
Distribution cost
Sales, wages and salaries
Distribution cost
Travelling expenses
Distribution cost
Lost on sale of distribution asset
Distribution cost
Accounting fees
Administrative expenses
Audit fees
Administrative expenses
Depreciation on shop fittings
Administrative expenses
Electricity
Administrative expenses
General expenses
Administrative expenses
Insurance
Administrative expenses
Office expenses
Administrative expenses
Postage
Administrative expenses
Printing
Administrative expenses
Rates office
Administrative expenses
Rent Office
Administrative expenses
Repairs and maintanance
Administrative expenses
Salaries Office
Administrative expenses
Stationary
Administrative expenses
Office telephone and tolls
Administrative expenses
Vehicle expenses
Administrative expenses
Wages Office
Administrative expenses
Donations
Administrative expenses
Loss on sale of asset
Administrative expenses
Interest on loan
Financial expenses
Interest overdraft
Financial expenses
Interest -Hire purchases
Financial expenses
Bank
Current assets
Petty cash
Current assets
Accounts receivable
Current assets
Prepayments
Current assets
Accrued revenue
Current assets
Closing inventory
Current assets
Equipment
Plant, property and equipment
Buildings
Plant, property and equipment
Property
Plant, property and equipment
Vehicles
Plant, property and equipment
Plant (Machinery)
Plant, property and equipment
Shares in other companies
Investments
Long term monies held in investment accounts
Investments
Debentures
Investments
Goodwill
Intangible
Patents
Intangible
Royalties
Intangible
Research and development cost
Intangible
