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Calculations (FR) > TB > Flashcards

TB Flashcards

1
Q

Equity share capital

A

Credit

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2
Q

Retained earnings

A

Credit

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3
Q

Revenue

A

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4
Q

Staff costs

A

Debit

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5
Q

Inventory

A

Debit

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6
Q

Purchases

A

Debit

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7
Q

Distribution

A

Debit

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8
Q

Administrative

A

Debit

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9
Q

Loan interest

A

Debit

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10
Q

Investment income

A

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11
Q

Tax

A

Debit

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12
Q

Receivables

A

Debit

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13
Q

Payables

A

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14
Q

Bank

A

Debit

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15
Q

NCA at cost

A

Debit

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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

Calculations (FR) (41 decks)

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