INTACC 3 Flashcards by Qyq Sqlut

Q

accrued interest on bonds payable

A

current liabilities

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

accrued rental income

A

current assets

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

accrued interest on note receivable

A

current assets

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

advances to supplier

A

current assets

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

fully depreciated machinery still in use

A

non current assets

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

share capital

A

equity

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

retained earnings unappropriated

A

equity

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

financial assets held for trading

A

current assets

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

investment in associate

A

non current asset

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

estimated warranty liability

A

current liability

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

sinking fund

A

non current asset

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

instalment accounts receivable, average normal collection period of 18 mos.

A

current asset

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

leasehold improvement

A

non current assets

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

reserves

A

equity

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

share premium

A

equity

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

discounts on bonds payable

A

NCL

Q

trademark

A

NCA

Q

goodwill

A

NCA

Q

premium on bonds payable due in 5 years

A

NCL

Q

building that is being constructed for use as investment property

A

NCA

Q

franchise

A

NCA

Q

treasury shares

A

equity

Q

deficit

A

equity

Q

equipment classified as “held for sale”

A

CA

Q

unearned rent revenue

A

CL

Q

accumulated depreciation

A

NCA

Q

cash dividends payable

A

CL

Q

revaluation surplus

A

equity

Q

allowance for doubtful accounts

A

CA

Q

deferred tax asset

A

NCA

Q

deferred tax liability

A

NCL

Q

accrued benefit cost

A

CL

Q

patent

A

NCA

Q

income tax payable

A

Cl

Q

subscription revenue received in advance

A

CL

Q

cash surrender value of life insurance

A

NCA