Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Acct Classifications
| Account | Classification |
|---|---|
| Accounts Payable | Current Liability Balance Sheet Credit |
| Accounts Receivable | Current Asset Balance Sheet Debit |
| Accumulated Depreciation - Equipment | Contra Asset Balance Sheet Credit |
| Bonds Payable | Long-Term Liability Balance Sheet Credit |
| Buildings | Asset Balance Sheet Debit |
| Cash | Current Asset Balance Sheet Debit |
| Common Stock | Stockholder's Equity Balance Sheet Credit |
| Cost of Goods Sold | Cost of Goods Sold Income Statement Debit |
| Depreciation Expense | Operating Expense Income Statement Debit |
| Dividends | Temporary account closed to Retained Earnings Retained Earnings Statement Debit |
| Dividends Payable | Current Liability Balance Sheet Credit |
| Equipment | Asset Balance Sheet Debit |
| Freight-out | Operating Expense Income Statement Debit |
| Goodwill | Intangible Asset Balance Sheet Debit |
| Income Summary | Temporary account closed to Retained Earnings not applicable |
| Insurance Expense | Operating Expense Income Statement Debit |
| Inventory | Current Asset Balance Sheet/also income statement if periodic Debit |
| Land | Asset Balance Sheet Debit |
| Maintenance and Repairs Expense | Operating Expense Income Statement Debit |
| Notes Payable | Liability Balance Sheet Credit |
| Patent | Intangible Asset Balance Sheet Debit |
| Prepaid Insurance | Current Asset Balance Sheet Debit |
| Prepaid Rent | Current Asset Balance Sheet Debit |
| Rent Expense | Operating Expense Income Statement Debit |
| Retained Earnings | Stockholders' Equity Balance Sheet and Statement of Retained Earnings Credit |
| Sales Discounts | Revenue - Contra Income Statement Debit |
| Sales Returns and Allowances | Revenue - Contra Income Statement Debit |
| Sales Revenue | Revenue Income Statement Credit |
| Service Revenue | Revenue Income Statement Credit |
| Short-Term Investments | Current Asset Balance Sheet Debit |
| Supplies | Current Asset Balance Sheet Debit |
| Supplies Expense | Operating Expense Income Statement Debit |
| Unearned Service Revenue | Current Liability Balance Sheet Credit |
| Utilities Expense | Operating Expense Income Statement Debit |
| Five Categories of Chart of Accounts | Assets, Liabilities, SE, Revenues, Expenses |
Created by:
hrichard22
Popular Accounting sets