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 Revieved

A

Other Income

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4
Q

Gain on Sale of a Fixed asset

A

Other Income

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5
Q

Interest Recieved

A

Other Income

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6
Q

Rent Recieved

A

Other Income

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7
Q

Discount Recieved

A

Other Income

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8
Q

Dividends Recieved

A

Other Income

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9
Q

Advertising

A

Distribution Expenses

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10
Q

Cartage Outwards

A

Distribution Expenses

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11
Q

Commission

A

Distribution Expenses

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12
Q

Delivery Expenses

A

Distribution Expenses

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13
Q

Depreciation on shop fittings

A

Distribution Expenses

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14
Q

Depreciation on Delivery Vehicles

A

Distribution Expenses

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15
Q

Freight Outwards

A

Distribution Expenses

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16
Q

Repairs to Delivery Vehicles

A

Distribution Expenses

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17
Q

Repairs and Maintenance (Shop Fittings)

A

Distribution Expenses

18
Q

Sales Wages and Salaries

A

Distribution Expenses

19
Q

Travelling Expenses

A

Distribution Expenses

20
Q

Loss on Sale of Distribution Asset

A

Distribution Expenses

21
Q

Accounting Fees

A

Administrative Expenses

22
Q

Audit Fees

A

Administrative Expenses

23
Q

Depreciation (other than Shop Fittings or Delivery Vehicles

A

Administrative Expenses

24
Q

Electricity

A

Administrative Expenses

25
Q

General Expenses

A

Administrative Expenses

26
Q

Office Expenses

A

Administrative Expenses

27
Q

Insurance

A

Administrative Expenses

28
Q

Postage

A

Administrative Expenses

29
Q

Printing

A

Administrative Expenses

30
Q

Rates

A

Administrative Expenses

31
Q

Rent

A

Administrative Expenses

32
Q

Repairs and Maintenance (Other than Shop fittings or delivery Vehicles

A

Administrative Expenses

33
Q

Salaries

A

Administrative Expenses

34
Q

Stationary

A

Administrative Expenses

35
Q

Telephone and Tolls

A

Administrative Expenses

36
Q

Vehicle Expenses ( other than Delivery Vehicles

A

Administrative Expenses

37
Q

Wages

A

Administrative Expenses

38
Q

Donations

A

Administrative Expenses

39
Q

Loss on Sale of asset

A

Administrative Expenses

40
Q

Interest on loan, overdraft, hire purchase etc

A

Finance Costs