DEAL / CLIP Flashcards

1
Q

DEAL / CLIP

Drawings

A

DEAL

Drawings

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2
Q

DEAL / CLIP

Purchases

A

DEAL

Expenses

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3
Q

DEAL / CLIP

Depreciation charge

A

DEAL

Expenses

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4
Q

DEAL / CLIP

Cost of sales

A

DEAL

Expenses

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5
Q

DEAL / CLIP

Staff Costs

A

DEAL

Expenses

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6
Q

DEAL / CLIP

Bad & Doubtful Doubts

A

DEAL

Expenses

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7
Q

DEAL / CLIP

Bank

A

DEAL

Asstes

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8
Q

DEAL / CLIP

Trade debtors

A

DEAL

Assets

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9
Q

DEAL / CLIP

PPE - Cost

A

DEAL

Assets

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10
Q

DEAL / CLIP

Equipment

A

DEAL

Assets

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11
Q

DEAL / CLIP

VAT - if owed by HMRC

A

DEAL

Assets

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12
Q

DEAL / CLIP

Closing inventory

A

DEAL

Assets

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13
Q

DEAL / CLIP

Prepayments

A

DEAL

Assets

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14
Q

DEAL / CLIP

Accrued income

A

DEAL

Assets

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15
Q

DEAL / CLIP

Other debtors

A

DEAL

Assets

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16
Q

DEAL / CLIP

Loss on Disposal

A

DEAL

Losses

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17
Q

DEAL / CLIP

Right of use asset

A

DEAL

Asset

18
Q

DEAL / CLIP

Taxation

A

DEAL

Expenses

19
Q

DEAL / CLIP

Interest expense

A

DEAL

Expenses

20
Q

DEAL / CLIP

Finance cost (interest expense when referring to a company)

A

DEAL

Expense

21
Q

DEAL / CLIP

Capital Injected

A

CLIP

Capital

22
Q

DEAL / CLIP

Share capital

A

CLIP

Capital

23
Q

DEAL / CLIP

Share premium

A

CLIP

Capital

24
Q

DEAL / CLIP

Retained earnings

A

CLIP

Capital

25
DEAL / CLIP Revaluation surplus
CLIP Capital
26
DEAL / CLIP Loan creditor
CLIP Liabilities
27
DEAL / CLIP Loan
CLIP Liabilities
28
DEAL / CLIP Lease creditor
CLIP Liabilities
29
DEAL / CLIP HMRC Creditor
CLIP Liabilities
30
DEAL / CLIP Trade Creditors
CLIP Liabilities
31
DEAL / CLIP Pension creditor
CLIP Liabilities
32
DEAL / CLIP VAT account - Owe HMRC
CLIP Liabilities
33
DEAL / CLIP Bond / Debenture
CLIP Liabilities
34
DEAL / CLIP Accumulated depreciation
CLIP Liabilities
35
DEAL / CLIP Allowance for doubtful debts
CLIP Liabilities - ITS NOT A LIABILITY BUT ACTS LIKE ONE
36
DEAL / CLIP Accruals
CLIP Liabilities
37
DEAL / CLIP Deferred Income
CLIP Liabilities
38
DEAL / CLIP Current tax payable
CLIP Liabilities
39
DEAL / CLIP Sales
CLIP Income
40
DEAL / CLIP Gain on disposal
CLIP Profits