Placement Of Items In Accounts Flashcards by Tara P | Brainscape

Q

buildings

A

fixed asset

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Q

equipment

A

fixed asset

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Q

land

A

fixed asset

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Q

fixtures

A

fixed asset

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Q

fittings

A

fixed asset

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Q

furniture

A

fixed asset

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Q

premises

A

fixed asset

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Q

delivery vans

A

fixed asset

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Q

car

A

fixed asset

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Q

debtors

A

current assets

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Q

bank

A

current assets

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Q

stock

A

current assets and trading

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Q

cash on hand

A

current assets

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Q

closing stock

A

current assets

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Q

bank deposit account

A

current assets

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Q

anything prepaid

A

current assets (+) and expenses (-)

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Q

creditors

A

current liabilities

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Q

anything due

A

current liabilities and expenses

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Q

bank overdraft

A

current liabilities

Q

wages

A

expenses

Q

insurance

A

expenses

Q

light

A

expenses

Q

heat

A

expenses

Q

telephone

A

expenses

Q

repairs

A

expenses

Q

interest

A

expenses

Q

administrative expenses

A

expenses

Q

rent

A

expenses

Q

rates

A

expenses

Q

office expenses

A

expenses

Q

marketing and advertising

A

expenses

Q

carriage out

A

expenses

Q

postage and stationary

A

expenses

Q

sundry expenses

A

expenses

Q

general expenses

A

expenses

Q

electricity

A

expenses

Q

long term loan

A

long term liability

Q

dividends paid

A

APP

Q

rent received

A

add gains

Q

interest received

A

add gains

Q

purchases

A

trading

Q

sales

A

trading

Q

purchases and sales returns

A

trading

Q

opening stock

A

trading

Q

carriage inwards

A

trading

Q

custom duties

A

trading

Q

import duties

A

trading