Types of accounts Flashcards
1
Q
Cash
A
Asset
2
Q
Accounts Receivable
A
Assets
3
Q
Food Inventory
A
Assets
4
Q
Beverage Inventory
A
Assets
5
Q
Supplies Inventory
A
Assets
6
Q
Prepaid Inventory
A
Assets
7
Q
Prepaid rent
A
Assets
8
Q
Land
A
Assets
9
Q
Building
A
Assets
10
Q
Furnishing and Equipment
A
Assets
11
Q
China, Glassware, Silver, Linen, Uniforms
A
Assets
12
Q
Security Deposits
A
Assets
13
Q
Accounts Payable
A
Liability
14
Q
Sales Tax Payable
A
Liability
15
Q
Income Taxes Payable
A
Liability
16
Q
Accrued Payroll
A
Liability
17
Q
Accrued Payroll Taxes
A
Liability
18
Q
Advance Deposits
A
Liability
19
Q
Current Maturities of Long-Term Debt
A
Liability
20
Q
Notes Payable
A
Liability
21
Q
Mortgage Payable
A
Liability
22
Q
Common Stock Issued
A
Equity
23
Q
Additional Paid-In Capital
A
Equity
24
Q
Retained Earning
A
Equity
25
Capital
Equity
26
Withdrawals
Equity
27
Room Sales
Revenue
28
Food Sales
Revenue
29
Beverage Sales
Revenue
30
Cost of Food Sold (Perpetual)
Expense
31
Cost of Beverage Sold (Perpetual)
Expense
32
Food Purchases (Periodic)
Expense
33
Beverage Purchases (Periodic)
Expense
34
Salaries and Wages
Expense
35
Payroll Taxes
Expense
36
Employee Benefits
Expense
37
Employee Meals
Expense
38
China, Glassware, Silver, Linen, Uniforms
Expense
39
Supplies
Expense
40
Advertising
Expense
41
Telephone
Expense
42
Utilities
Expense
43
Repairs and Maintenance
Expense
44
Rent
Expense
45
Property Taxes
Expense
46
Property Insurance
Expense
47
Interest
Expense
48
Depreciation
Expense
49
Amortization
Expense
50
Income Taxes
Expense
