accounting - topic 3 (which items go cash budget + income statement budget)

cash sales

both

credit sales

income

receipts from accounts receivable/debtors

cash

discount allows

income

bad debts

income

doubtful debts

income

insurance paid

both

prepaid insurance

cash

insurance expenses incurred

income

wages paid and worked in april

both

accrued wages

income

purchase of stationary

cash

stationary supplies consumed

income

depreciation of an asset

income

interest owing

income

payment of interest owing

cash

payment of loan

cashp

purchase of an asset for cash

cash

cost of sales expense

income

inventory purchased for cash

cash

inventory purchased for credit

NONE

account payable

cash

discount received

income

loss on sale of an asset

income

gain on sale of an asset

income

cash received from proceeds of the sale of asset

cash

dividends/drawings

cash

cash received from capital

cash

cash received from loan

cash

purchase of an asset on credit

NONE