Typical Accounts Flashcards

1
Q

Cash

A

Assets

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2
Q

Investments

A

Assets

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3
Q

Accounts Receivable

A

Assets

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4
Q

Inventory

A

Assets

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5
Q

Land

A

Assets

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6
Q

Building

A

Assets

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7
Q

Equipment

A

Assets

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8
Q

Patent

A

Assets

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9
Q

Copyright

A

Assets

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10
Q

Accounts Payable

A

Liability

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11
Q

Salaries Payable

A

Liability

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12
Q

Unearned Sales Revenue

A

Liability

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13
Q

Interest Payable

A

Liability

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14
Q

Income Taxes Payable

A

Liability

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15
Q

Notes Payable

A

Liability

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16
Q

Bonds Payable

A

Liability

17
Q

Common stock

A

Stockholders’ Equity

18
Q

Retained Earnings

A

Stockholders’ Equity

19
Q

Sales Revenue

A

Revenue

20
Q

Service Revenue

A

Revenue

21
Q

Interest Income

A

Revenue

22
Q

Rent Revenue

A

Revenue

23
Q

Cost of Goods Sold

A

Expense

24
Q

Salaries Expense

A

Expense

25
Q

Rent Expense

A

Expense

26
Q

Insurance Expense

A

Expense

27
Q

Depreciation Expense

A

Expense

28
Q

Advertising Expense

A

Expense

29
Q

Utilities Expense

A

Expense

30
Q

Repairs and Maintenance Expense

A

Expense

31
Q

Property Taxes Expense

A

Expense