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Accounts Normal Balances
All accounts with classifications and normal balances
21
Accounting
11th Grade
08/28/2013
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Additional Accounting Flashcards

 

 

Cards

Term
Cash in Bank
 Definition

Asset

 

Debit
Term
Accounts Payable
 Definition

Liability

 

Credit
Term
Accounts Receivable
 Definition

Asset

 

Debit
Term
Advertising Expense
 Definition

Expense

 

Debit
Term
Bankcard Fees Expense
 Definition

Expense

 

Debit
Term
Capital Stock
 Definition

Stockholder's Equity

 

Credit
Term
Employee's Federal Income Tax Pay
 Definition

Liability

 

Credit
Term
Employee's State Income Tax Pay
 Definition

Liability

 

Credit
Term
Federal Corporate Income Tax Expense
 Definition

Expense

 

Debit
Term
Federal Corporate Income Tax Pay
 Definition

Liability

 

Credit
Term
Federal Unemployment Tax Pay
 Definition

Liability

 

Credit
Term
Insurance Expense
 Definition

Expense

 

Debit
Term
Insurance Premiums Pay
 Definition

Liability

 

Credit
Term
Medicare Tax Pay
 Definition

Liability

 

Credit
Term
Merchandise Inventory
 Definition

Asset

 

Debit
Term
Miscellaneous Expense
 Definition

Expense

 

Debit
Term
Office Equipment
 Definition

Asset

 

Debit
Term
Payroll Tax Expense
 Definition

Expense

 

Debit
Term
Prepaid Insurance
 Definition

Asset

 

Debit
Term
Purchases
 Definition

Contra

 

Debit
Term
Purchases Discounts
 Definition

Contra

 

 
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