Exam Flashcards by Emily Parsons

Q

What type of account is DIVIDENDS?

A

Equity

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What type of account is RETAINED EARNINGS?

A

Equity

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What type of account is INSURANCE EXPENSE?

A

Expense

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What type of account is SUPPLIES EXPENSE?

A

Expense

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What type of account is ACCOUNTS RECEIVABLE?

A

Asset

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What type of account is LOAN/NOTES PAYABLE?

A

Liability

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What type of account is RENT EXPENSE?

A

Expense

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What type of account is SERVICE REVENUE?

A

Revenue

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What type of account is CASH?

A

Asset

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What type of account is EQUIPMENT?

A

Asset

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What type of account is SUPPLIES?

A

Asset

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What type of account is ACCOUNTS PAYABLE?

A

Liability

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What type of account is COMMON STOCK?

A

Equity

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What type of account is LAND?

A

Asset

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What type of account is SALES REVENUE?

A

Revenue

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What type of account is ADVERTISING EXPENSE?

A

Expense

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What type of account is BONDS PAYABLE?

A

Liability

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What type of account is SALARIES/WAGE EXPENSE?

A

Expense

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What type of account is SALES TAX PAYABLE?

A

Liability

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What type of account is BUILDING?

A

Asset

Q

What type of account is INVENTORY?

A

Asset

Q

What type of account is RENT REVENUE?

A

Revenue

Q

What type of account is NOTES RECEIVABLE?

A

Asset

Q

What type of account is COST OF GOODS SOLD?

A

Expense

Q

DIVIDENDS: up/down with DR/CR?

A

DR - up
CR- down

Q

RETAINED EARNINGS: up/down with DR/CR?

A

DR - down
CR - up

Q

INSURANCE EXPENSE: up/down with DR/CR?

A

DR - up
CR - down

Q

SUPPLIES EXPENSE: up/down with DR/CR?

A

DR - up
CR - down

Q

ACCOUNT RECEIVABLE: up/down with DR/CR?

A

DR - up
CR - down

Q

NOTES PAYABLE: up/down with DR/CR?

A

DR - down
CR - up

Q

RENT EXPENSE: up/down with DR/CR?

A

DR - up
CR - down

Q

SERVICE REVENUE: up/down with DR/CR?

A

DR - down
CR - up

Q

CASH: up/down with DR/CR?

A

DR - up
CR - down

Q

EQUIPMENT: up/down with DR/CR?

A

DR - up
CR - down

Q

SUPPLIES: up/down with DR/CR?

A

DR - up
CR - down

Q

ACCOUNTS PAYABLE: up/down with DR/CR?

A

DR - down
CR - up

Q

COMMON STOCK: up/down with DR/CR?

A

DR - down
CR - up

Q

LAND: up/down with DR/CR?

A

DR - up
CR - down

Q

SALES REVENUE: up/down with DR/CR?

A

DR - down
CR - up

Q

ADVERTISING EXPENSE: up/down with DR/CR?

A

DR - up
CR - down

Q

BONDS PAYABLE: up/down with DR/CR?

A

DR - down
CR - up

Q

SALARIES/WAGE EXPENSE: up/down with DR/CR?

A

DR - up
CR - down

Q

SALES TAX PAYABLE: up/down with DR/CR?

A

DR - down
CR - up

Q

BUILDING: up/down with DR/CR?

A

DR - up
CR - down

Q

INVENTORY: up/down with DR/CR?

A

DR - up
CR - down

Q

RENT REVENUE: up/down with DR/CR?

A

DR - down
CR - up

Q

NOTES RECEIVABLE: up/down with DR/CR?

A

DR - up
CR - down

Q

COST OF GOODS SOLD: up/down with DR/CR?

A

DR - ?
CR - ?