..

Cash in bank
. is considered a highly liquid form of current asset, and when
reported on a business' balance sheet, it is combined with cash in
hand for accounting purposes.

. cash on hand
determines what projects a company can undertake, or what
financial hardships can be absorbed, without going into debt or
arranging other financing.

. Petty cash
is a small amount of discretionary funds in the form of cash used
for expenditures where it is not sensible to make any disbursement
by cheque, because of the inconvenience and costs of writing,
signing, and then casAccounts receivable is a legally enforceable
claim for payment held by a business against its customer/clients
for goods supplied and/or services rendered in execution of the
customer's order. These are generally in the form of invoices raised
by a business and delivered to the customer for payment within an
agreed time frame. Accounts receivable is shown in a balance sheet
as an asset. It is one of a series of accounting transactions dealing
with the billing of a customer for goods and services that the
customer has ordered. These may be distinguished from notes
receivable, which are debts created through formal legal
instruments called promissory notes.[1]
. The allowance for doubtful accounts is a balance sheet account
that reduces the reported amount of accounts receivable. (A change
to the balance in the allowance for doubtful accounts also affects
bad debt expense on the income statement.)

interest receivable

The current asset that represents the amount of interest revenue

that was reported as earned, but has not yet been received.

.
.supplies
the act of supplying, furnishing, providing, satisfying, etc.:
to begin the supply of household help.

prepaid rent
.
A current asset account that reports the amount of future rent
expense that was paid in advance of the rental period. The amount
reported on the balance sheet is the amount that has not yet been
used or expired as of the balance sheet date.
Prepaid insurance
is the portion of an insurance premium that has been paid in
advance and has not expired as of the date of the balance sheet.
This unexpired cost is reported in the current asset account Prepaid
Insurance

Trading securities
are investments in debt or equity that management plans to
actively trade for profit in the current period. In other words,
trading securities are stocks or bonds that management plans to
purchase and sell in order to make money in the short term

. Note Receivable Long Term?

Notes Receivable ? Long Term represents long-term notes

receivable, excluding the current portion of the long-term
receivables. It also represents all other long term receivables
reported in the Non-current Assets section. When a company
reports its assets without segregation between current and noncurrent, all notes receivable are classified as Notes Receivable ?
Long Term.

Land, sometimes referred to as dry land, is the solid surface of the

Earth that is not permanently covered by water.[1] The vast
majority of human activity occurs in land areas that support
agriculture, habitat, and various natural resources
.building
A structure with a roof and walls..

.accum. depreciation - buildings

This is a contra long-term asset account which is credited for the

depreciation associated with Buildings. Since it is a balance sheet
account, the accumulated depreciation account balance does not
close at the end of each year; therefore, its credit balance will
increase each year. However, its balance cannot become greater
than the cost of the buildings.
Furniture and fixtures
are long term assets which are showed in assets side of balance
sheet. These assets are the part of fixed asset and every year, we
charged depreciation on these assets. Depreciation is calculated on
their useful life and it is deducted from all furniture and fixture's
book value for showing written down value in accumulated
depreciation?

Accumulated depreciation
is the total amount of a plant asset's cost that has been allocated
to depreciation expense since the asset was put into service.
Accumulated depreciation is associated with constructed assets
such as buildings, machinery, office equipment, furniture, fixtures,
vehicles, etc. balance sheet.
Office equipment
Asset used for the operating functions of a company. Office
equipment includes desks, chairs, computers, ansalaries expense

salary expense

Under the accrual method of accounting, the account Salaries

Expense reports the salaries that employees have earned during the
period indicated in the heading of the income statement, whether or
not the company has yet paid the employees. Salaries Expense will
usually be an operating expense (as opposed to a nonoperating
expense). Depending on the function performed by the salaried
employee, Salaries Expense could be classified as an administrative
expense or as a selling expense. If the employee was part of the
manufacturing process, the salary would end up being part of the
cost of the products that were manufacturent expense

Rent Expense
will report the cost of occupying space during the time interval
indicated in the heading of the income statement, whether or not
the rent was paid within that period. (Rent that has been paid in
advance is shown on the balance sheet in the current asset account
Prepaid Rent.) Depending upon the use of the space, Rent Expense
could appear on the income statement as part of administrative
expenses or selling expenses. If the rented space was used to

manufacture goods, the rent would be part of the cost of the

products produced.
utilities expense
Under the accrual basis of accounting, this account reports the cost
of the electricity, heat, sewer, and water used during the period
indicated in the heading of the income statement. Because utility
companies deliver the service and then later measure the amounts
used and then prepare the billing, a company's Utilities Expense
amount should be based on the amount of utilities used during the
period (as opposed to the amount paid during the accounting
period). The amount of Utilities Expense for the sales function is
classified as a selling expense and the amount used for
administration is classified as an administrative expense. Utilities
used in the manufacturing process will be part of the cost of the
products manufactured.
Uncollectible accounts expense
When a business or company does not receive payment for goods or
services, the transaction must be recorded as an expense for unpaid
balance.

Advertising Expense
Is the income statement account which reports the dollar amount
of ads run during the period shown in the income statement.
Advertising Expense will be reported under selling expenses on the
income statement.
Insurance

expense

Under the accrual basis of accounting, insurance expense is the cost

of insurance that has been incurred, has expired, or has been used
up during the current accounting period for the nonmanufacturing
functions of a business. (The insurance costs incurred for
manufacturing operations are allocated to the goods produced.)

Taxes

and

licenses

Paid or incurred in the trade or business activities of the

corporation, unless they are reflected elsewhere on the return
supplies expense
Under the accrual basis of accounting the account Supplies Expense
reports the amount of supplies that were used during the time
interval indicated in the heading of the income statement. Supplies
that are on hand (unused) at the balance sheet date are reported in
the current asset account Supplies or Supplies on Hand.
Interest expense?
Is the cost of debt that has occurred during a specified period of
time.
Depreciation expense
is referred to as a noncash expense because the recurring, monthly
depreciation entry (a debit to Depreciation Expense and a credit to
Accumulated Depreciation) does not involve a cash payment. As a
result, the statement of cash flows prepared under the indirect
method will add depreciation expense to the amount of net income.