ASSETS

It is the obligations of the company payable in money, goods or services.

• Asset

• Liabilities

• Owner's Equity

• None of the above

These are non-current tangible assets

• Property, Plant and Equipment

• Logo

• Trademark

• Franchise

These assets are identifiable, non-monetary assets without physical substance.

• Tangible Asset

• Non Current Liabilities

• Intangible Assets

• Current Liabilities

It is the claim of the owner also known as the capital.

• Asset

• Liabilities

• Owners Equity

• Intangible Asset

It is the most liquid asset and is the medium of exchange for business transactions.

• Land

• Building

• Cash

• Long term investment

It is an expense for leased office space, equipment or assets rented from others.

• Utilities Expense

• Accounts Receivable

• Cash

• Rent expense

Examples of this are cash, account receivable and prepaid expenses.

• Owner's Equity

• Liabilities

• Chart of Account

• Assets

It is a written promise from the customer to pay his receivables on a certain future date.

• Cash

• Notes receivable

• Equipment

• Supplies

Are amounts due  from customers arising from credit sales or credit services

• Accounts Receivable

• Equipement

• inventory

• cash

Are expenses paid in advance,

• Chart of Account

• Ledger

• Prepaid Expense

• Cash