Accounting Types
Types of Assets
Cash-Monetary items that are available to meet current obligations of the business. It includes bank deposits, currency & coins, checks, money orders, and traveler's checks.
Accounts Receivable-Business claims against the property of a customer arising from the sale of goods and/or services on account.
Notes Receivable-Formal written promises given by customers or others to pay definite sums of money to the business at specified times.
Inventory-Expenditures for items held for resale in the normal course of a business's operations.
Office Supplies-Expenditures for maintaining a supply of on hand supplies such as typewriter, copier, and computer paper, pens, pencils, and special forms.
Land-Expenditures for parcels of the earth. It includes building sites, yards, and parking areas.
Buildings-Expenditures for structures erected on land and used for the conduct of business.
Equipment-Expenditures for physical goods used in a business, such as machinery......
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