Accounting Classifications

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Description and Tags

27 Terms

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______ Drawing
Owner's Equity, Debit, Balance Sheet/Statement of Owner's Equity
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______ Capital
Owner's Equity, Credit, Balance Sheet/Statement of Owner's Equity
3
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Owners Equity
Capital, Credit, Balance Sheet
4
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Accounts Payable
Liability, Credit, Balance Sheet
5
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Notes Payable
Liability, Credit, Balance Sheet
6
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Unearned Rent
Liability, Credit, Balance Sheet
7
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Accounts Receivable
Asset, Debit, Balance Sheet
8
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Cash
Asset, Debit, Balance Sheet
9
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Equipment
Asset, Debit, Balance Sheet
10
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Land
Asset, Debit, Balance Sheet
11
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Notes Receivable
Asset, Debit, Balance Sheet
12
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Office Equipment
Asset, Debit, Balance Sheet
13
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Prepaid Insurance
Asset, Debit, Balance Sheet
14
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Prepaid Rent
Asset, Debit, Balance Sheet
15
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Supplies
Asset, Debit, Balance Sheet
16
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Advertising Expense
Expense, Debit, Income Statement
17
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Insurance Expense
Expense, Debit, Income Statement
18
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Miscellaneous Expense
Expense, Debit, Income Statement
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Rent Expense
Expense, Debit, Income Statement
20
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Salaries Expense
Expense, Debit, Income Statement
21
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Supplies Expense
Expense, Debit, Income Statement
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Utilities Expense
Expense, Debit, Income Statement
23
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Purchases
Expense, Debit, Income Statement
24
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Sales Earned
Revenue, Credit, Income Statement
25
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Fees Earned
Revenue, Credit, Income Statement
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Purchase Discount
Revenue, Credit, Income Statement
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Rent Income
Revenue, Credit, Income Statement