Fully Classified Accounts Flashcards

1
Q

Sales

A

Operating Revenue

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2
Q

Sales Returns and Allowances

A

Operating Revenue

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3
Q

Service Fees Revenue

A

Operating Revenue

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4
Q

Commission Revenue

A

Operating Revenue

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5
Q

Dividends Revenue

A

Operating Revenue

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6
Q

Interest Revenue

A

Operating Revenue

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7
Q

Rent Revenue

A

Operating Revenue

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8
Q

Gain on Sale of Non-current Assets

A

Operating Revenue

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9
Q

Purchases

A

Cost of Sales

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10
Q

Purchases Returns and Allowances

A

Cost of Sales

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11
Q

Cartage on Purchases

A

Cost of Sales

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12
Q

Customs Duty

A

Cost of Sales

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13
Q

Packaging Expenses

A

Cost of Sales

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14
Q

Cost of Goods Sold

A

Cost of Sales

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15
Q

Inventory Adjustment

A

Cost of Sales

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16
Q

Supplies Expense

A

Cost of Services

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17
Q

Advertising

A

Selling Expenses

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18
Q

Cartage on Sales

A

Selling Expenses

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19
Q

Delivery Vehicle Expenses

A

Selling Expenses

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20
Q

Depreciation on Delivery Vehicle

A

Selling Expenses

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21
Q

Sales Salaries

A

Selling Expenses

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22
Q

Sales Commission

A

Selling Expenses

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23
Q

Accounting Fees

A

Administrative Expenses

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24
Q

Consultancy Fees

A

Administrative Expenses

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25
Q

Depreciation on Buildings

A

Administrative Expenses

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26
Q

Depreciation on Equipment

A

Administrative Expenses

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27
Q

Depreciation on Furniture

A

Administrative Expenses

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28
Q

Depreciation on Motor Vehicles

A

Administrative Expenses

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29
Q

Electricity

A

Administrative Expenses

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30
Q

Insurance

A

Administrative Expenses

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31
Q

Motor Vehicle Expenses

A

Administrative Expenses

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32
Q

Office Expenses

A

Administrative Expenses

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33
Q

Office Wages and Salaries

A

Administrative Expenses

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34
Q

Postage

A

Administrative Expenses

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35
Q

Rates

A

Administrative Expenses

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36
Q

Rent Expense

A

Administrative Expenses

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37
Q

Repairs and Maintenance

A

Administrative Expenses

38
Q

Stationery

A

Administrative Expenses

39
Q

Sundry Expenses

A

Administrative Expenses

40
Q

Superannuation Expense

A

Administrative Expenses

41
Q

Telephone and Internet Expense

A

Administrative Expenses

42
Q

Travel Expenses

A

Administrative Expenses

43
Q

Wages and Salaries

A

Administrative Expenses

44
Q

Loss on Disposal of Non-current Assets

A

Administrative Expenses

45
Q

Bad and Doubtful Debts

A

Finance Expenses

46
Q

Bank Charges

A

Finance Expenses

47
Q

Credit/Debit Card Fees

A

Finance Expenses

48
Q

Interest Expense

A

Finance Expenses

49
Q

Petty Cash

A

Current Assets

50
Q

Cash in Hand

A

Current Assets

51
Q

Cash at Bank

A

Current Assets

52
Q

Accounts Receivable Control

A

Current Assets

53
Q

Provision for Doubtful Debts

A

Current Assets

54
Q

Other Receivables

A

Current Assets

55
Q

Inventories

A

Current Assets

56
Q

Supplies

A

Current Assets

57
Q

Accrued Revenues

A

Current Assets

58
Q

Prepaid Insurance

A

Current Assets

59
Q

Prepaid Expenses

A

Current Assets

60
Q

Bonds

A

Other Financial Assets

61
Q

Debentures

A

Other Financial Assets

62
Q

Loans

A

Other Financial Assets

63
Q

Shares

A

Other Financial Assets

64
Q

Cash Investment

A

Other Financial Assets

65
Q

Furniture

A

Property Plant and Equipment

66
Q

Accumulated Depreciation on Furniture

A

Property Plant and Equipment

67
Q

Delivery Vehicles

A

Property Plant and Equipment

68
Q

Accumulated Depreciation on Delivery Vehicles

A

Property Plant and Equipment

69
Q

Motor Vehicles

A

Property Plant and Equipment

70
Q

Accumulated Depreciation on Motor Vehicles

A

Property Plant and Equipment

71
Q

Equipment

A

Property Plant and Equipment

72
Q

Accumulated Depreciation on Equipment

A

Property Plant and Equipment

73
Q

Buildings

A

Property Plant and Equipment

74
Q

Accumulated Depreciation on Buildings

A

Property Plant and Equipment

75
Q

Land

A

Property Plant and Equipment

76
Q

Goodwill

A

Intangibles

77
Q

Patents

A

Intangibles

78
Q

Other Non-current Assets

A

Non-current Assets

79
Q

Accounts Payable Control

A

Current Liabilities

80
Q

Other Payables

A

Current Liabilities

81
Q

GST Clearing (Payable)

A

Current Liabilities

82
Q

GST Collected

A

Current Liabilities

83
Q

GST Credits Received

A

Current Liabilities

84
Q

Short-term Loan

A

Current Liabilities

85
Q

Accrued Expenses

A

Current Liabilities

86
Q

Unearned Revenues

A

Current Liabilities

87
Q

Loan

(From Bank)

A

Non-current Liabilities

88
Q

Mortgage

A

Non-current Liabilities

89
Q

Capital

A

Owners Equity

90
Q

Drawings

A

Owners Equity

91
Q

Profit or Loss Summary

A

Owners Equity