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Catorgorizing accounts
account type, debit/credit, permanent/temp., current/noncurrent
19
Accounting
Undergraduate 2
09/24/2013
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Cards

Term
cash
 Definition
asset, debit, permanent, current
Term
Owner, capital
 Definition
equity, credit, permanent, current
Term
equipment
 Definition
asset, debit, permanent, noncurrent
Term
supplies
 Definition
asset, debit, permanent, current
Term
accounts payable
 Definition
liability, credit, permanent, current
Term
revenues
 Definition
(equity), credit, temporary
Term
Owner, drawings
 Definition
(equity), credit, temporary
Term
accounts receivable
 Definition
asset, debit, permanent, current
Term
expenses
 Definition
(equity), debit, temporary
Term
unearned revenues
 Definition
liability, credit, permanent, current
Term
prepaid accounts
 Definition
asset, debit, permanent, current
Term
accumulated depreciation
 Definition
contra-asset, credit, permanent, noncurrent
Term
income summary
 Definition
asset, debit, temporary, current
Term
land
 Definition
asset, debit, permanent, noncurrent
Term
buildings
 Definition
asset, debit, permanent, noncurrent
Term
short-term investments
 Definition
asset, debit, permanent, current
Term
long-term investments
 Definition
asset, debit, permanent, noncurrent
Term
short-term notes payable
 Definition
liability, credit, permanent, current
Term
long-term notes payable
 Definition
liability, credit, permanent, noncurrent
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