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Financial Accounting > DEAL / CLIP > Flashcards

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
Q

DEAL / CLIP

Revaluation surplus

A

CLIP

Capital

26
Q

DEAL / CLIP

Loan creditor

A

CLIP

Liabilities

27
Q

DEAL / CLIP

Loan

A

CLIP

Liabilities

28
Q

DEAL / CLIP

Lease creditor

A

CLIP

Liabilities

29
Q

DEAL / CLIP

HMRC Creditor

A

CLIP

Liabilities

30
Q

DEAL / CLIP

Trade Creditors

A

CLIP

Liabilities

31
Q

DEAL / CLIP

Pension creditor

A

CLIP

Liabilities

32
Q

DEAL / CLIP

VAT account - Owe HMRC

A

CLIP

Liabilities

33
Q

DEAL / CLIP

Bond / Debenture

A

CLIP

Liabilities

34
Q

DEAL / CLIP

Accumulated depreciation

A

CLIP

Liabilities

35
Q

DEAL / CLIP

Allowance for doubtful debts

A

CLIP

Liabilities - ITS NOT A LIABILITY BUT ACTS LIKE ONE

36
Q

DEAL / CLIP

Accruals

A

CLIP

Liabilities

37
Q

DEAL / CLIP

Deferred Income

A

CLIP

Liabilities

38
Q

DEAL / CLIP

Current tax payable

A

CLIP

Liabilities

39
Q

DEAL / CLIP

Sales

A

CLIP

Income

40
Q

DEAL / CLIP

Gain on disposal

A

CLIP

Profits

Financial Accounting (7 decks)

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