Revenue or Balance? Commerce

commerce

Accounts Payable

Balance Sheet, Current Liabilities

Accounts Receivable

Balance Sheet, Current Assets

Accrued Expenses

Balance Sheet, Current Liabilities

Advertising

Revenue Statement, Selling and Distribution

Bad Debts

Revenue Statement, Financial

Bank Charges

Revenue Statement, Financial

Bank Overdraft

Balance Sheet, Current Liabilities

Capital

Balance Sheet, Owner’s Equity

Cash at Bank

Balance Sheet, Current Assets

Depreciation of Office Equipment

Revenue Statement, General and Administrative

Discount Allowed

Revenue Statement, Financial

Discount Received

Revenue Statement, Other Income

Drawings

Balance Sheet, Owner’s Equity (deduction from Owner’s Equity)

Electricity

Revenue Statement, General and Administrative

Fixtures & Fittings

Balance Sheet, Non-current Assets

Freight In

Revenue Statement, COGS

Freight Outwards

Revenue Statement, Selling and Distribution

Goodwill

Balance Sheet, Non-current Assets

Insurance

Revenue Statement, General and Administrative

Interest on loans

Revenue Statement, Other Income

Interest received

Revenue Statement, Other Income

Land & Buildings

Balance Sheet, Non-current Assets

Long Term Loan

Balance Sheet, Non-current Liabilities

Maintenance

Revenue Statement, General and Administrative

Mortgage

Balance Sheet, Non-current Liabilities

Motor Vehicles

Balance Sheet, Non-current Assets

Opening Stock

Revenue Statement, COGS

Patent & Copyright

Balance Sheet, Non-current Assets

Postage

Revenue Statement, General and Administrative

Prepaid Expenses

Balance Sheet, Current Assets

Provisions for Bad Debts

Balance Sheet, Current Assets

Purchases

Revenue Statement, COGS

Purchases returned

Revenue Statement, COGS (deduction from purchases)

Rent

Revenue Statement, General and Administrative

Retained Profits

Balance Sheet, Owner’s Equity

Sales

Revenue Statement, Sales (Revenue)

Sales returned

Revenue Statement, Revenue

Stationery

Revenue Statement, General and Administrative

Telephone

Revenue Statement, General and Administrative

Wages

Revenue Statement, General and Administrative

Net Profit (Retained Profits/Capital)

Both, Owner’s Equity (Balance)

Closing Stock (Inventory)

Both, COGS (Revenue) or Current Assets (Balance)

Plants & Equipment

Balance Sheet, Non-current Assets

Business Loan

Balance Sheet, Non-current Liabilities

Sundry Expenses

Revenue Statement, General & Administrative

Dividends Received

Revenue Statement, Other Income

Sales Staff Wages

Revenue Statement, Selling & Distribution

Sales Staff Commission

Revenue Statement, Selling & Distribution

Depreciation of Sales Vehicles

Revenue Statement, Selling & Distribution

Delivery Expenses

Revenue statement, Selling & Distribution

Office Cleaning

Revenue statement, General & Administrative

Accumulated Depreciation - Vehicles (deduction)

Balance sheet, Non current Assets