TB Flashcards
1
Q
Equity share capital
A
Credit
2
Q
Retained earnings
A
Credit
3
Q
Revenue
A
Credit
4
Q
Staff costs
A
Debit
5
Q
Inventory
A
Debit
6
Q
Purchases
A
Debit
7
Q
Distribution
A
Debit
8
Q
Administrative
A
Debit
9
Q
Loan interest
A
Debit
10
Q
Investment income
A
Credit
11
Q
Tax
A
Debit
12
Q
Receivables
A
Debit
13
Q
Payables
A
Credit
14
Q
Bank
A
Debit
15
Q
NCA at cost
A
Debit
16
Q
NCA at accumulated depreciation
A
Credit
17
Q
Debentures
A
Credit
18
Q
Service revenue
A
Credit
19
Q
Salaries and rent expense
A
Debit
20
Q
Loan notes
A
Credit
21
Q
What is the suspense account?
A
Used as a temporary holding account to record transactions where there is uncertainty or incomplete information
