Grade 12, term 2, classification Flashcards
Sales
Revenue - ordinary
Sales returns - neg
Revenue - ordinary
Service fees
Revenue - ordinary
Commission revenue
Revenue - other ordinary
Interest revenue
Revenue - other ordinary
Rent revenue
Revenue - other ordinary
Revenue from legal action
Revenue - other ordinary
Gain on sale
Revenue - other ordinary
Revenues outside ordinary activities
Revenue - extraordinary
Cost of goods sold
Expenses - cost of sales
Inventory adjustment / shortage
Expenses - cost of sales
Cartage inwards
Expenses - cost of sales
Packaging expense
Expenses - cost of sales
Buying expense
Expenses - cost of sales
Advertising
Other ordinary - selling and distribution
Cartage outwards - delivery expense
Other ordinary - selling and distribution
Commission on sales
Other ordinary - selling and distribution
Delivery vehicle expenses
Other ordinary - selling and distribution
Depreciation on delivery vehicle
Other ordinary - selling and distribution
Salaries - sales personnel
Other ordinary - selling and distribution
Showroom expenses
Other ordinary - selling and distribution
Wages - sales personnel
Other ordinary - selling and distribution
Direct mailing selling expense
Other ordinary - selling and distribution
Loss on disposal or delivery vehicle
Other ordinary - selling and distribution
Computer expense
Other ordinary - general and administrative
Electricity
Other ordinary - general and administrative
Insurance
Other ordinary - general and administrative
Motor vehicle expense
Other ordinary - general and administrative
Rates and taxes
Other ordinary - general and administrative
Rent expense
Other ordinary - general and administrative
Repairs and maintenance
Other ordinary - general and administrative
Salaries - office personnel
Other ordinary - general and administrative
Stationery and printing
Other ordinary - general and administrative
Telephone
Other ordinary - general and administrative
Wages - office personnel
Other ordinary - general and administrative
Legal costs
Other ordinary - general and administrative
Photocopying expenses
Other ordinary - general and administrative
Depreciation - assets
Other ordinary - general and administrative
Subscriptions
Other ordinary - general and administrative `
Accounting fees
Other ordinary - general and administrative
Cleaning
Other ordinary - general and administrative
Postage
Other ordinary - general and administrative
Loss on disposal of asset
Other ordinary - general and administrative
Bad debts
Other ordinary - finance
Bank charges
Other ordinary - finance
Credit/debit card fees
Other ordinary - finance
Interest expense
Other ordinary - finance
Doubtful Debts
Other ordinary - finance
Capital
Owners Equity
Net profit/net loss
Owners Equity
Less drawings
Owners Equity
Petty cash / cash in hand
Assets - Current assets
Bank
Assets - Current assets
Accounts receivable
Assets - Current assets
Less provision for doubtful debts
Assets - Current assets
Inventory control
Assets - Current assets
Accrued revenue
Assets - Current assets
Prepaid expense
Assets - Current assets
Furniture
Non current assets - property, plant and equipment
Less accumulated depreciation
Non current assets - property, plant and equipment
Vehicles
Non current assets - property, plant and equipment
Equipment
Non current assets - property, plant and equipment
Buildings
Non current assets - property, plant and equipment
Land
Non current assets - property, plant and equipment
Bonds
Non current assets - Investments
Investment
Non current assets - Investments
Debentures
Non current assets - Investments
Loans
Non current assets - Investments
Shares
Non current assets - Investments
Copyright
Non current assets - Intangible
Goodwill
Non current assets - Intangible
Patents
Non current assets - Intangible
Accounts payable
Liabilities - current liabilities
GST clearing
Liabilities - current liabilities
Loans (short term)
Liabilities - current liabilities
Bank overdraft
Liabilities - current liabilities
Accrued expense
Liabilities - current liabilities
Unearned revenues
Liabilities - current liabilities
Loans (long term)
Liabilities - non-current liabilities
Mortgages
Liabilities - current liabilities
