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18 Cards in this Set
- Front
- Back
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Cash
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...is a Dr balance account.
Thus, a Dr increases, and a Cr decreases Asset (BS) |
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Accounts Receivable (A/R)
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...is a Dr balance account.
Thus, a Dr increases, and a Cr decreases Asset (BS) |
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Inventory
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...is a Dr balance account.
Thus, a Dr increases, and a Cr decreases Asset (BS) |
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Prepaid Insurance
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...is a Dr balance account.
Thus, a Dr increases, and a Cr decreases Asset (BS) |
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Prepaid Expenses
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...is a Dr balance account.
Thus, a Dr increases, and a Cr decreases Asset (BS) |
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Notes Receivable
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...is a Dr balance account.
Thus, a Dr increases, and a Cr decreases Asset (BS) |
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Land
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...is a Dr balance account.
Thus, a Dr increases, and a Cr decreases Asset (BS) |
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Equipment
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...is a Dr balance account.
Thus, a Dr increases, and a Cr decreases Asset (BS) |
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Buildings
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...is a Dr balance account.
Thus, a Dr increases, and a Cr decreases Asset (BS) |
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Accounts Payable (A/P)
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...is a Cr balance account.
Thus, a Cr increases, and a Dr decreases Liability (BS) |
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Unearned Revenue
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...is a Cr balance account.
Thus, a Cr increases, and a Dr decreases Liability (BS) |
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Income Tax Payable
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...is a Cr balance account.
Thus, a Cr increases, and a Dr decreases Liability (BS) |
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Notes Payable (N/P)
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...is a Cr balance account.
Thus, a Cr increases, and a Dr decreases Liability (BS) |
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Salaries Payable
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...is a Cr balance account.
Thus, a Cr increases, and a Dr decreases Liability (BS) |
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Owner's Capital
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...is a Cr balance account.
Thus, a Cr increases, and a Dr decreases Equity (Equity) |
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Revenue (All types)
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...is a Cr balance account.
Thus, a Cr increases, and a Dr decreases Equity (IS) |
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Owner's withdrawals
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...is a Dr balance account.
Thus, a Dr increases, and a Cr decreases Equity (Equity) |
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Expenses (All types)
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...is a Dr balance account.
Thus, a Dr increases, and a Cr decreases. Equity (IS) |
