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WorksheetsAccounts in Accounting
Total questions: 10
Worksheet time: 2mins
It includes money and any medium of exchange acceptable by bank for deposit such as bills, coins, funds for current purposes, checks, cash in bank, etc.
Cash
Accounts Receivables
Notes Payable
Utilities Expense
These are economic obligations, debts or payables of the business.
Assets
Liabilities
Owner's Equity
It is due from customer evidenced by a written promise to pay a definite sum of money for a specified period of time.
Accounts Receivable
Notes Receivable
Accounts Payable
Notes Payable
This account is an example of a liability account that serves as an evidence through written promised to pay a specific amount of money in the future.
Notes Payable
Notes Receivable
Accounts Payable
Accounts Receivable
It refers to the initial and additional contributions of owner/s (investments),
Cash
Capital
Drawing
These are the withdrawals made by owner/s (dividends for corporations)
Capital
Income
Drawings
Prepaid Expenses
These are the costs of promoting the business such as those incurred in newspaper publications, television and radio broadcasts, billboards, flyers, etc.
Delivery Expense
Advertising Expense
Insurance Expense
Rent Expense
It refers to the cost paid or to be paid to a lessor for the right to use a commercial property such as an office space, a storeroom, a building, etc.
Insurance Expense
Repairs and Maintenance Expense
Rent Expense
Bank Service charge
It refers to the costs of materials used by the business.
Supplies Expense
Salaries Expense
Training and Development Expense
Utilities Expense
It refers to the amount of money that part of the earnings of the company.
Capital
Drawings
Income
