Accounting Unit 2 > Expanded Equity > Flashcards

Expanded Equity Flashcards

(5 cards)

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0
Q

Chart of accounts

A

The account numbers associated with them

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1
Q

ALCRE

A 
Assets-100
Liabilities-200
Capital-300
Revenues-400
Expenses-500
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2
Q

Revenue accounts

A

Cash sales

Membership accounts

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3
Q

Expense accounts

A

Heating
Rent
Repair
Wages

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4
Q

Owner withdraws money account

A

Drawings

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Accounting Unit 2
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