Shared Flashcard Set

Details

Acc Balance Exercise
Normal Balance
60
Accounting
Undergraduate 2
05/11/2012

Additional Accounting Flashcards

 


 

Cards

Term
Acc Payable
Definition

C

current L

Term
Acc Receivable
Definition

d

current A

Term
accumulated depreciation
Definition

c

contra property, plant and equipment

Term
additional paid in capital in excess of par - common stock
Definition

c

stockholder's equity

Term
advertising expense
Definition

d

operating expense

Term
allowance for doubtful accounts
Definition

c

conta acc receivable/contra asset

Term
available for sales securities
Definition

current asset

Term
bonds payable, due 6/30/20
Definition

c

long term liabilities/long term investment

Term
bond sinking fund
Definition

d

long term investment

Term
building
Definition

d

property, plant and equipment

Term
cash
Definition

d

current asset

Term
cash surrender value of life insurance
Definition

d

long term investment

Term
common stock
Definition

c

stockholder's equity

Term
copyright
Definition

d

intangible asset

Term
costs of goods sold
Definition

d

cost of goods sold

Term
depreciation expense
Definition

d

operating expense

Term
discount on bonds payable
Definition

contra long term liability

Term
dividend revenue
Definition

c

other revenue

Term
dividend
Definition

d

contra stockholder's equity

Term
dividends payable
Definition

current L

Term
equipment
Definition

d

property, plant and equipment

Term
franchise
Definition

d

intangible asset

Term
freight in
Definition

d

costs of goods sold

Term
freight out
Definition

d

operating expenses

Term
gain on sale of equipment
Definition

c

other revenues and expenses

Term
goodwill
Definition

d

intangible

Term
held to maturity securities
Definition

d

investment, if over a year then long-term

Term
income tax payable
Definition

c

current L

Term
interest expense
Definition

d

other expenses

Term
interest payable
Definition

c

current L

Term
interest receivable
Definition

d

current a

Term
interest revenue
Definition

c

other revenue

Term
inventory
Definition

d

current a

Term
land
Definition

d

property, plant and equip.

Term
land held for speculation
Definition

d

longterm investment

Term
loss on sale of land
Definition

d

other expenses/losses

Term
note payable, due 9/30/12
Definition

c

current L

Term
note receivable, due 6/15/12
Definition

d

current a

Term
office supplies
Definition

d

current a

Term
office supplies expense
Definition

d

operating expense

Term
patents
Definition

d

intangible asset

Term
preferred stock
Definition

c

stockholder's equity

Term
premium on bonds payable
Definition

c

adjunct to longterm liability

Term
prepaid insurance
Definition

d

current a

Term
purchases
Definition

d

costs of goods sold

Term
purchase discounts
Definition

c

contra to costs of goods sold/purchase

Term
purchase returns and allowances
Definition

c

contra to costs of goods sold/purchase

Term
rent expense
Definition

d

operating expense

Term
retained earnings
Definition

c

stockholder's equity

Term
sales commissions expense
Definition

d

operating expense

Term
sales revenue
Definition

c

sales

Term
sales returns and allowances
Definition

d

contra sales

Term
sales discounts
Definition

d

contra sales revenue

Term
stock dividends distributable
Definition

c

stockholder's equity

Term
trading securities
Definition

d

short term invest/current a

Term
trademark
Definition

d

intangible

Term
treasury stock
Definition

d

contra S.E

Term
unearned sales revenue
Definition

c

current L

Term
wages expense
Definition

d

operating expense

Term
wages payable
Definition

c

current L

Supporting users have an ad free experience!