Shared Flashcard Set

Details

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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