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accounting 121 > debit/ credit accounts > Flashcards

debit/ credit accounts Flashcards

1
Q

CASH

A

DR account
thus a DR increases, and a CR decreases
asset
BS

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2
Q

A/R ( accounts receivable)

A

DR account
thus a DR increases, and a CR decreases
asset
BS

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3
Q

INVENTORY

A

DR account
thus a DR increases, and a CR decreases
asset
BS

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4
Q

OFFICE SUPPLIES

A

DR account
thus a DR increases, and a CR decreases
asset
BS

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5
Q

PREPAID EXPENSES

A

DR account
thus a DR increases, and a CR decreases
asset
BS

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6
Q

N/R ( notes receivable)

A

DR account
thus a DR increases, and a CR decreases
asset
BS

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7
Q

LAND

A

DR account
thus a DR increases, and a CR decreases
asset
BS

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8
Q

EQUITMENT

A

DR account
thus a DR increases, and a CR decreases
asset
BS

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9
Q

VEHICLES

A

DR account
thus a DR increases, and a CR decreases
asset
BS

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10
Q

BUILDING

A

DR account
thus a DR increases, and a CR decreases
asset
BS

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11
Q

A/P ( accounts payable)

A

CR account
thus a CR increases, and a DR decreases
Liability
BS

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12
Q

UNEARNED REVENUE

A

CR account
thus a CR increases, and a DR decreases
Liability
BS

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13
Q

WAGES PAYABLE

A

CR account
thus a CR increases, and a DR decreases
Liability
BS

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14
Q

N/P ( notes payable)

A

CR account
thus a CR increases, and a DR decreases
Liability
BS

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15
Q

SALARIES PAYABLE

A

CR account
thus a CR increases, and a DR decreases
Liability
BS

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16
Q

INTEREST PAYABLE

A

CR account
thus a CR increases, and a DR decreases
Liability
BS

17
Q

COMMON STOCK

A

CR account
thus a CR increases, and a DR decreases
Equity
BS

18
Q

DIVIDENDS

A

DR account
thus a DR increases, and a CR decreases
Equity
Statement of retained earnings

19
Q

RETAINED EARNINGS

A

CR account
thus a CR increases, and a DR decreases
Equity
BS and Statement of retained earnings

20
Q

REVENUE – ALL TYPES *

A

CR account
thus a CR increases, and a DR decreases
Equity
Income statement

21
Q

EXPENSES– ALL TYPES *

A

DR account
thus a DR increases, and a CR decreases
Equity
Income statement

22
Q

CONSULTING REVENUE

A

CR account
thus a CR increases, and a DR decreases
Equity
Income statement

23
Q

INTEREST REVENUE

A

CR account
thus a CR increases, and a DR decreases
Equity
Income statement

24
Q

HAIR CUTTING REVENUE

A

CR account
thus a CR increases, and a DR decreases
Equity
Income statement

25
Q

INTEREST EXPENCE

A

DR account
thus a DR increases, and a CR decreases
Equity
Income statement

26
Q

SALARIES EXPENCE

A

DR account
thus a DR increases, and a CR decreases
Equity
Income statement

27
Q

UTITLITIES EXPENCE

A

DR account
thus a DR increases, and a CR decreases
Equity
Income statement

28
Q

RENT EXPENCE

A

DR account
thus a DR increases, and a CR decreases
Equity
Income statement

accounting 121 (2 decks)

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