EMS: Accounting AOL

Assets: Non-current Assests

• Land and buildings, vehicles

• Fixed deposits

• Equipment

• Bank

• Trading stock

Liabilities: Non-current liabilities

• Commision

• Fixed deposits

• Loan

• Bank

• Trading stock

Assets: Current Assests

• Cash Float, Bank

• Petty cash

• Debtors control

• Creditors control

• Trading stock

Liabilities: Current Liabilities

• Bank overdraft

• Petty cash

• Debtors control

• Creditors control

• Sales

Owners Equity

• Capital

• Drawings

• Bank

• Cost of sales

• Sales

Owners Equity: Incomes

• Sales

• Rent income, fee income and commission

• Loan

• Interest

• Service and salaries

Owners Equity: Expenses

• Sales

• Rent income, fee income and commission

• Water & electricity, rent expenses

• Interest

• Service and salaries

Owners Equity: Expenses

• Cost of sales

• Creditors control, fee income, interest

• consumables

• Telephone

• Advertising

In Owners equity of expenses, is the Debtor allowance?

• Yes

• No

Assets definition

• A resource controlled by entity, as a result of past events, the future benefits are expected to flow to entity

• A resource controlled by entity, as a result of news events, the future benefits are expected to flow to entity

• A resource controlled by entity, as a result of past events, the future devaluates are expected to flow to entity