Acct Classifications
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Accounts Payable | Current Liability
Balance Sheet
Credit
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| Accounts Receivable | Current Asset
Balance Sheet
Debit
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| Accumulated Depreciation - Equipment | Contra Asset
Balance Sheet
Credit
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| Bonds Payable | Long-Term Liability
Balance Sheet
Credit
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| Buildings | Asset
Balance Sheet
Debit
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| Cash | Current Asset
Balance Sheet
Debit
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| Common Stock | Stockholder's Equity
Balance Sheet
Credit
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| Cost of Goods Sold | Cost of Goods Sold
Income Statement
Debit
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| Depreciation Expense | Operating Expense
Income Statement
Debit
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| Dividends | Temporary account closed to Retained Earnings
Retained Earnings Statement
Debit
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| Dividends Payable | Current Liability
Balance Sheet
Credit
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| Equipment | Asset
Balance Sheet
Debit
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| Freight-out | Operating Expense
Income Statement
Debit
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| Goodwill | Intangible Asset
Balance Sheet
Debit
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| Income Summary | Temporary account closed to Retained Earnings
not applicable
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| Insurance Expense | Operating Expense
Income Statement
Debit
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| Inventory | Current Asset
Balance Sheet/also income statement if periodic
Debit
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| Land | Asset
Balance Sheet
Debit
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| Maintenance and Repairs Expense | Operating Expense
Income Statement
Debit
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| Notes Payable | Liability
Balance Sheet
Credit
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| Patent | Intangible Asset
Balance Sheet
Debit
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| Prepaid Insurance | Current Asset
Balance Sheet
Debit
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| Prepaid Rent | Current Asset
Balance Sheet
Debit
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| Rent Expense | Operating Expense
Income Statement
Debit
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| Retained Earnings | Stockholders' Equity
Balance Sheet and Statement of Retained Earnings
Credit
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| Sales Discounts | Revenue - Contra
Income Statement
Debit
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| Sales Returns and Allowances | Revenue - Contra
Income Statement
Debit
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| Sales Revenue | Revenue
Income Statement
Credit
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| Service Revenue | Revenue
Income Statement
Credit
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| Short-Term Investments | Current Asset
Balance Sheet
Debit
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| Supplies | Current Asset
Balance Sheet
Debit
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| Supplies Expense | Operating Expense
Income Statement
Debit
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| Unearned Service Revenue | Current Liability
Balance Sheet
Credit
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| Utilities Expense | Operating Expense
Income Statement
Debit
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| Five Categories of Chart of Accounts | Assets, Liabilities, SE, Revenues, Expenses
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
hrichard22
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