Details Title: ACC 203: CH 2 Description: Recording and Analyzing Transactions Total Flash Cards: 6 Created: 09/15/2008 19:15:01		New Users: To study from this flashcard set, or to create your own your own study flash cards, REGISTER HERE. Existing Users: CLICK HERE. Additional Accounting Flashcards
Cards in this set: Term Types of ASSET Accounts Definition *Cash *Supplies on Hand *Inventory *Prepaid insurance *Equipment *Building *Land *Accounts Receivable *Notes Receivable Term Types of LIABILITY Accounts Definition *__________Payable *Unearned Revenue (Or revenue received in advance) *Accounts Payable Term Types of Equity Accounts Definition *Revenue *Expenses *Capital *Withdrawal Term Assets T Table Definition Debit is increase; Credit is decrease Term Liabilities T-Table Definition Debit is decrease; credit is increase Term Owners Equity T-Table Definition Debit is decrease; Credit is increase