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16 Cards in this Set
- Front
- Back
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cash
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IS A DEBIT BALANCE ACCOUNT
A DEBIT INCREASES IT A CREDIT DECREASES IT ASSET BALANCE SHEET |
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ACCOUNTS RECIEVABLE A/R
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IS A DEBIT BALANCE ACCOUNT
A DEBIT INCREASES IT A CREDIT DECREASES IT ASSET BALANCE SHEET |
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SUPPLIES
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IS A DEBIT BALANCE ACCOUNT
A DEBIT INCREASES IT A CREDIT DECREASES IT ASSET BALANCE SHEET |
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PREPAID INSURANCE
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IS A DEBIT BALANCE ACCOUT
A DEBIT INCREASES IT A CREDIT DECREASES ASSET BALANCE SHEET |
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EQUPIMENT
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IS A DEBIT BALANCE ACCOUNT
A DEBIT INCREASES IT A CREDIT DECREASES IT ASSET BALANCE SHEET |
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ACCOUNTS PAYABLE
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IS A CREDIT ACCOUNT BALANCE
A CREDIT INCREASES IT A DEBIT DECREASES IT LIABILITY BALANCE SHEET |
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UNEARNED REVENUE
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IS A CREDIT ACCOUNT BALANCE
A CREDIT INCRESED IT A DEBIT DECREASES IT LIABILITY BALANCE SHEET |
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INVESTOR CAPITAL
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IS A CREDIT BLANCE ACCOUNT
A CREDIT INCREASES IT A DEBIT DECREASES IT EQUITY BALALNCE SHEET/STATE OF OE |
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OWNER WITHDRAWALS
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IT IS A DEBIT ACCOUNT BALANCE
A DEBIT INCREASES IT A CREDIT DECREASES IT EQUITY STATEMENT OF OE |
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CONSULTING REVENUE
REVNUE IN GENERAL |
A CREDIT ACCOUNT
A CREDIT INCREASES IT A DEBIT DECREASES IT REVENUE BALANCE SHEET AND INCOME STATE |
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SALARIES EXPENSE
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IS A DEBIT ACCOUNT
A DEBIT INCREASES IT A CREDIT DECREASES IT EXPENSE INCOME STATEMENT |
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INSURANCE EXPENSE
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IS A DEBIT BALANCE ACCOUNT
A DEBIT INCREASES IT A CREDIT DECREASES IT EXPENSE INCOME STATEMENT |
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RENT EXPENSE
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IS A DEBIT BALANCE ACCOUNT
A DEBIT INCREASES IT A CREDIT DECREASES IT EXPENSE INCOME STATEMENT |
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RENT EXPENSE
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IS A DEBIT BALANCE ACCOUNT
A DEBIT INCREASES IT A CREDIT DECREASES IT EXPENSE INCOME STATEMENT |
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SUPPLIES EXPENSE
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A DEBIT BALANCE ACCOUNT
A DEBIT INCREASES IT A CREDIT DECREASES IT EXPENSE INCOME STATEMENT |
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UTILTIES EXPENSE
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IS A DEBIT BLANCE ACCOUNT
A DEBIT INCREASES IT A CREDIT DECREASES IT EXPENSE INCOME STATEMENT |
