Financial Statement Review Flashcards
Accounts Payable
Current Liability, B.S.
Accounts Receivable
Current Asset, B.S.
Accumulated Appreciation- Equipment
Contra Long-Term Asset, B.S.
Accumulated Depreciation- Building
Contra Long-term Asset, B.S.
Allowance for Doubtful Accounts
Contra Current Asset, B.S.
Equipment
Long-Term Asset, B.S.
Building
Current (Plant) Asset, B.S.
Cash
Current Asset, B.S.
Cost of goods sold
Expense, I.S.
Interest expense
Expense, I.S.
Interest payable
Current liability, B.S.
Interest revenue
Other, I.S.
Interest receivable
Current asset, B.S.
Gain on sale of…
Other, I.S.
Loss on sale of…
Other, I.S.
General and administrative expenses
Expense, I.S.
J. Smith, Capital
Capital, S.O.E./B.S.
J. Doe, Withdrawals
W/D, S.O.E.
Land
Long-term asset, B.S.
Merchandise inventory
Current Asset, B.S.
Note payable (due in 6 months)
Current Liability, B.S.
Note payable (due in 4 years)
Long-term liability, B.S.
Prepaid rent
current asset, b.s.
prepaid insurance
current asset, b.s.
