Classifications of financial elements Flashcards

1
Q

Sales

A

Revenue/Income

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2
Q

Fees

A

Revenue/Income

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3
Q

Commission Received

A

Other Income

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4
Q

Rent Received

A

Other Income

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5
Q

Gain on sale of asset

A

Other Income

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6
Q

Interest Received

A

Other Income

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7
Q

Discount Received

A

Other Income

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8
Q

Dividends Received

A

Other Income

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