Accounting flash cards

Front

Normal Balance

Back

Debit, Credit, Sales Credit

Front

Withdraw

Back

Money being deducted

Front

What can be taken out as a withdraw?

Back

Cash

Front

Source documents

Back

Original transaction Records

Front

Revenue

Back

Income

Front

Endorsement

Back

Signature of the payee on a check

Front

Assets

Back

Cash, pre Paid insurance, accounts receivable

Front

Liability’s

Back

Accounts payable

Front

Sales

Back

Always a negative or credit

Front

Expenses

Back

Rent, Ads, insurance, repairs, supply’s