XI Accounting Class 02 Kinds of Assets

Assets
CURRENT ASSETS
Cash/Bank:  (cash in hand) ( cash at bank)
Accounts Receivable
Notes Receivable  
Merchandise inventory /goods 
Prepaid Expenses
Supplies 
Marketable Securities:


Trading Topic

Heads of Accounts


Kind of Liabilities

FIXED ASSETS

An asset of a business intended for continuous use, rather than a short-term current asset (such as merchandise) is called fixed asset. 
There are two types of fixed assets:

Tangible Fixed Assets: : 

Land, Building, Machinery, Furniture, Equipment, etc.
 Intangible Fixed Assets
 Goodwill, Copyright, Trademark, Patents, etc.





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