Accounting Assets and Liabilities

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24 Terms

1

Current Assets

Cash

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2

Current Assets

Investments in Trading Securities

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3

Current Assets

Notes Receivable

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4

Current Assets

Interest Receivable

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5

Current Assets

Accounts Receivable

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6

Current Assets

Advance to Employees

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7

Current Assets

Merchandise Inventory

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8

Current Assets

Accrued Income

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9

Current Assets

Supplies on Hand

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10

Current Assets

Prepaid Insurance

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11

Current Assets

Prepaid Rent

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12

Noncurrent Assets

Land

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13

Noncurrent Assets

Building

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14

Noncurrent Assets

Equipment

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15

Noncurrent Assets

Furniture and Fixtures

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16

Noncurrent Assets

Accumulated Depreciation

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17

Current Liabilities

Accounts Payable

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18

Current Liabilities

Notes Payable

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19

Current Liabilities

Interest Payable

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20

Current Liabilities

Deferred or Unearned Income

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21

Current Liabilities

Taxes Payable

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22

Noncurrent Liabilities

Notes Payable Long-Term

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23

Noncurrent Liabilities

Installment Contracts Payable

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24

Noncurrent Liabilities

Mortgage Payable

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