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AccountingCoach Complete -
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Accounting Fundamentals Course
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Accounts Payable Management- Basic Strategies for Managing
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Accounting, Bookkeeping, and Finance 101
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Accounts Receivable Management Universal
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Anything
owned, whether tangible (a physical item) or intangible (the right to
something) is an asset.
Operating,
non-operating, discontinued operations expenses, extraordinary losses,
and losses due to accounting method change.
There
are several types of transactions that effect owner equity including:
investments, withdrawals of cash by the owner, revenue earned, and
expenses incurred.
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Understanding Accounts
Understanding Small Business Accounts
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Chart of Accounts
A chart of accounts is a listing of the names of the
accounts that a company has identified and made available for recording
transactions in its general ledger. A company has the flexibility to
tailor its chart of accounts to best suit its needs, including adding
accounts as needed.
Assets
are what the company has or owns.
Liabilities
are what the business owes outsiders.
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