Account Classifications

Front

Classification of "cash?" Options: Liability, Owner's Equity, Asset, Revenue

Back

Asset

Front

What is the increase side of the owner's capital account?

Back

Credit

Front

Classification of Accounts Payable--Staples? (Options: Asset, Liability, Owner's Equity, Expense)

Back

Liability

Front

What is the decrease side of Accounts Payable--Clark Company?

Back

Debit

Front

What is the increase side of Accounts Receivable--Little Tykes Nursery? Options: Debit, Credit

Back

Debit

Front

Classification of the owner's capital account: Revenue, Expense, Owner's Equity, Asset

Back

Owner's Equity

Front

Classification of the owner's drawing account: Revenue, Expense, Owner's Equity, Liability

Back

Owner's Equity

Front

What is the decrease side of Supplies?

Back

Credit

Front

Classification of Rent Expense: Revenue, Expense, Asset, Liability

Back

Expense

Front

What is the increase side of the owner's capital account?

Back

Credit