Accounts & Information BSBA 2201

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FlashCards sobre Accounts & Information BSBA 2201, criado por kbuckley1 em 11-11-2014.
kbuckley1
FlashCards por kbuckley1, atualizado more than 1 year ago
kbuckley1
Criado por kbuckley1 aproximadamente 10 anos atrás
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Resumo de Recurso

Questão Responda
ACCOUNTS PAYABLE MONEY WE OWE CURRENT LIABILITY BALANCE SHEET NB Cr
ACCOUNTS RECEIVABLE MONEY CUSTOMERS OWE ON OUR ACCOUNTS CURRENT ASSET BALANCE SHEET NB Dr
ACCUMULATED DEPRECIATION TOTAL AMOUNT OF DEPRECIATION CONTRA ASSET BALANCE SHEET NB Cr
ADVERTISING EXPENSE COST TO ADVERTISE OPERATING EXPENSE INCOME STATEMENT NB Dr (CLOSES TO INCOME SUMMARY)
BUILDINGS BULIDINGS USED IN OPERATION PLANT ASSET BALANCE SHEET NB Dr
CASH COINS, BILLS, MONEY IN A NONRESTRICTED BANK ACCOUNT CURRENT ASSET BALANCE SHEET NB Dr
COPYRIGHT LEGAL RIGHT INTANGIBLE ASSET BALANCE SHEET NB Dr
COST OF GOODS SOLD (COGS) PRICE OF MERCHANDISE SOLD EXPENSE ACCOUNT INCOME STATEMENT NB Dr (CLOSES WITH EXPENSES)
DEPRECIATION EXPENSE AMOUNT SUBTRACTED YEARLY TO SHOW LOSS IN VAULE OPERATING EXPENSE INCOME STATEMENT NB Dr (CLOSES TO INCOME SUMMARY)
EQUIPMENT MACHINERY USED IN OPERATIONS PLANT ASSET BALANCE SHEET NB Dr
FREIGHT-OUT COST OF SHIPPING TO BUYER OPERATING EXPENSE INCOME STATEMENT NB Dr (CLOSES WITH EXPENSES)
INCOME SUMMARY TEMPORARY ACCOUNT USED IN CLOSING ENTRIES 1. REVENUES INTO IS 2. EXPENSES INTO IS 3. IS TO OWNERS CAPITAL
INSURANCE EXPENSE COST OF INSURANCE OPERATING EXPENSE INCOME STATEMENT NB Dr (CLOSES TO INCOME SUMMARY)
INTEREST EXPENSE OTHER EXPENSE INCOME STATEMENT NB Dr (CLOSES TO INCOME SUMMARY)
INTEREST PAYABLE CURRENT LIABILITY BALANCE SHEET NB Cr
INTEREST REVENUE OTHER INCOME INCOME STATEMENT NB Cr (CLOSED TO INCOME SUMMARY)
INVENTORY INTENT TO SELL CURRENT ASSET BALANCE SHEET NB Dr
LAND PROPERTY USED IN OPERATIONS PLANT ASSET BALANCE SHEET NB Dr
MAINTENANCE AND REPAIRS EXPENSE COST FOR UPKEEP OPERATING EXPENSE INCOME STATEMENT NB Dr (CLOSED TO INCOME SUMMARY)
NOTES PAYABLE CURRENT LIABILITY (IF OWED WITHIN 1 YEAR) LONG-TERM LIABILITY (IF OWED OVER 1 YEAR) BALANCE SHEET NB Cr
OWNER'S CAPITAL INVESTMENTS BY OWNER OWNER'S EQUITY OWNER'S EQUITY/BALANCE SHEET NB Cr
OWNER'S DRAWING WITHDRAW BY OWNER TEMPORARY CLOSED TO OWNER'S CAPITAL OWNER'S EQUITY NB Dr (CLOSED TO OWNER'S CAPITAL)
SALARIES AND WAGES PAYABLE SALARIES OWED TO EMPLOYEES CURRENT LIABILITY BALANCE SHEET NB Cr
SALARIES AND WAGES EXPENSE WAGES PAID OPERATING EXPENSE INCOME STATMENT NB Dr (CLOSED TO INCOME SUMMARY)
SALES DISCOUNTS REDUCTION GIVEN BY SELLER FOR PROMPT PAYMENT OF A CREDIT SALE CONTRA REVENUE INCOME STATEMENT NB Dr (CLOSES WITH EXPENSES)
SALES RETURNS AND ALLOWANCES "PURCHASE RETURNS AND ALLOWANCES" FROM SELLERS PERSPECTIVE CONTRA REVENUE INCOME STATEMENT NB Dr (CLOSES WITH EXPENSES)
SALES REVENUE PRIMARY SOURCE OF REVENUE IN A MERCHANDISING COMPANY REVENUE INCOME STATEMENT NB Cr (CLOSED TO INCOME SUMMARY)
SERVICE REVENUE MAIN SOURCE OF REVENUE FOR A SERVICE COMPANY REVENUE INCOME STATEMENT NB Cr (CLOSES TO INCOME SUMMARY)
SUPPLIES MATERIAL ON HAND NOT FOR SALE CURRENT ASSET BALANCE SHEET NB Dr
SUPPLIES EXPENSE COST TO OBTAIN SUPPLIES OPERATING EXPENSE INCOME STATEMENT NB Dr (CLOSES TO INCOME SUMMARY)
UNEARNED SERVICE REVENUE MONEY YOU HAVE RECEIVED BUT HAVE NOT EARNED CURRENT LIABILITY BALANCE SHEET NB Cr THIS ACCOUNT IS NOT CLOSED!!!!!!!!!
ALLOWANCE FOR DOUBTFUL ACCOUNTS Estimated amount of uncollectible Accounts Receivable. Contra-Asset (to the receivable) Balance Sheet NB Cr
BAD DEBT EXPENSE Used to write off debt. Operating Expense Income statement NB Dr
NOTES RECIEVABLE Claims for which formal instruments of credit are issued as proof of the debt. Stronger legal claim on the money you are owed Asset Balance Sheet NB Dr
TRADE RECEIVABLES Notes and accounts receivable that result from sales transactions
OTHER RECEIVABLES Various forms of NONTRADE receivables such as interest receivable and income taxes refundable

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