Study sets matching "accounting balance sheet accounts"

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Study sets matching "accounting balance sheet accounts"

20 terms
Classification of Balance Sheet Accounts
capital stock
intangible assets
current liabilities
current liabilities
preferred stock
goodwill
wages payable
trade accounts payable
capital stock
preferred stock
intangible assets
goodwill
Accounting (Balance Sheet)
Financial position of an individual or…
Accounting
Examples of money flow
GAAP
Total value of items owned - total owed to creditors = person…
- Process of recording, analyzing, and interpreting the econo…
- Payment received by customers (debtors)... - Payments made by…
General Accepted Accounting Principles are rules which accoun…
Financial position of an individual or…
Total value of items owned - total owed to creditors = person…
Accounting
- Process of recording, analyzing, and interpreting the econo…
20 terms
Classification of Balance Sheet Accounts
capital stock
intangible assets
current liabilities
current liabilities
preferred stock
goodwill
wages payable
trade accounts payable
capital stock
preferred stock
intangible assets
goodwill
78 terms
Financial Accounting - Balance sheet
Financial accounting system
The three categories business activiti…
Financing activities
Investing activities
Used to record, summarize, and report the activities (transac…
1. Financing activities... 2. Investing activities... 3. Operating…
activities associated with raising money to pay for operation…
activities associated with buying and selling items used to o…
Financial accounting system
Used to record, summarize, and report the activities (transac…
The three categories business activiti…
1. Financing activities... 2. Investing activities... 3. Operating…
39 terms
Primary Balance Sheet Accounts
Cash
Marketable Securities (short term inve…
Accounts Receivable
Notes Receivable - short term
Current Asset
Current Asset
Current Asset
Current Asset
Cash
Current Asset
Marketable Securities (short term inve…
Current Asset
43 terms
Intermediate Accounting Balance Sheet Accounts
Trading debt investments
Hold to maturity debt investments
Treasury stock
Common Stock
Currents Asset
Long Term Assets
Contra SE
SE
Trading debt investments
Currents Asset
Hold to maturity debt investments
Long Term Assets
43 terms
Intermediate Accounting Balance Sheet Accounts
Trading debt investments
Hold to maturity debt investments
Treasury stock
Common Stock
Currents Assets
Long Term Assets
Contra SE
SE
Trading debt investments
Currents Assets
Hold to maturity debt investments
Long Term Assets
18 terms
Accounting 1010 Balance Sheet Accounts
Cash
Accounts Receivable
Allowance for Doubtful Accounts
Inventory
Current Asset/ Asset
Current Asset/ Asset
Current Asset/ Asset
Current Asset/ Asset
Cash
Current Asset/ Asset
Accounts Receivable
Current Asset/ Asset
Balance Sheet Accounts
Cash
Supplies
Accounts Receivable
Notes Receivable
Current Asset... Cash... Less: Cash restricted
Current Asset
Current Asset... Accounts Receivable... Less: Allowance for doubt…
Current Asset
Cash
Current Asset... Cash... Less: Cash restricted
Supplies
Current Asset
43 terms
Balance Sheet Accounts
Cash
Petty Cash
Accounts Recievable
Notes Recievable
Asset
Asset
Asset
Asset
Cash
Asset
Petty Cash
Asset
9 terms
Balance sheet accounts
Asset 1
Asset 2
Asset 3
Liability 1
111 cash
112 accounts receivable
121 equipment
211 accounts payable
Asset 1
111 cash
Asset 2
112 accounts receivable
Classified Balance Sheet Accounts
assets
cash
short-term investments
receivables
1. current assets... 2. long-term investments... 3. property, plant…
current asset
current asset
current asset
assets
1. current assets... 2. long-term investments... 3. property, plant…
cash
current asset
47 terms
Balance Sheet Accounts
Cash
cash equivalents
short-term investments
accounts receivable
Current asset, listed first
current asset, commercial paper, money market funds, U.S. tre…
current asset, includes short-term marketable securities
current assets
Cash
Current asset, listed first
cash equivalents
current asset, commercial paper, money market funds, U.S. tre…
Balance Sheet Accounts
investments in marketable securities
discount on bonds payable (bonds due i…
additional paid in capital on common s…
accounts recievable
current asset
long term liability- contra account
contributed capital
current asset
investments in marketable securities
current asset
discount on bonds payable (bonds due i…
long term liability- contra account
20 terms
Classification of Balance Sheet Accounts
capital stock
intangible assets
current liabilities
current liabilities
preferred stock
goodwill
wages payable
trade accounts payable
capital stock
preferred stock
intangible assets
goodwill
20 terms
Classification of Balance Sheet Accounts
capital stock
intangible assets
current liabilities
current liabilities
preferred stock
goodwill
wages payable
trade accounts payable
capital stock
preferred stock
intangible assets
goodwill
50 terms
Classification of balance sheet accounts
Preferred Stock
Goodwill
Salaries and wages payable
Accounts payable
Stockholders Equity: Capital Stock
Assets: Intangible Assets
Liabilities: Current Liabilities
Liabilities: Current Liabilities
Preferred Stock
Stockholders Equity: Capital Stock
Goodwill
Assets: Intangible Assets
41 terms
Chart of Accounts-Balance Sheet
Cash
Petty Cash
Accounts Receivable
Notes Receivable
Assets
Assets
Assets
Assets
Cash
Assets
Petty Cash
Assets
13 terms
Accounting balance sheet classification
Debt Investments
Treasury Stock
Common Stock
Dividends Payable
Current Asset
Stockholders Equity
Stockholders Equity
Current Liability
Debt Investments
Current Asset
Treasury Stock
Stockholders Equity
balance sheet accounts
Bilanz
Konto
Aktiva
Passiva
balance sheet
account
assets
liabilities
Bilanz
balance sheet
Konto
account
54 terms
Financial accounting. Balance sheet
balance sheet
assets
liabilities
shareholders' equity ... own capital
баланс
активы
пассивы
акционерный / собственный капитал
balance sheet
баланс
assets
активы
16 terms
Financial Accounting - balance sheet
1. Measure company's performance... 2. Va…
1. company owns exclusive right to ass…
1. held for sale or consumption during…
the period of time between creating or…
Purposes of balance sheet
Criteria for asset
criteria for current asset
operating cycle
1. Measure company's performance... 2. Va…
Purposes of balance sheet
1. company owns exclusive right to ass…
Criteria for asset
75 terms
Financial Accounting - Balance sheet
Financial accounting system
The three categories business activiti…
Financing activities
Investing activities
Used to record, summarize, and report the activities (transac…
1. Financing activities... 2. Investing activities... 3. Operating…
activities associated with raising money to pay for operation…
activities associated with buying and selling items used to o…
Financial accounting system
Used to record, summarize, and report the activities (transac…
The three categories business activiti…
1. Financing activities... 2. Investing activities... 3. Operating…
Accounting Balance Sheet Terms
Account Payable
Account Receivable
Cash
Dividends
-credit... -Liability
-Debit... -Asset
-Debit... -Asset
-Debit... -Comes out of R/E
Account Payable
-credit... -Liability
Account Receivable
-Debit... -Asset
24 terms
Accounting Balance Sheet
What is the time-frame for current ass…
Name all the key assets.
Name all the key liabilities.
Name all the key equities.
less than a year
cash; short-term investments; accounts receivable; prepaid ex…
revolver; accounts payable; accrued expenses; deferred revenu…
common stock & additional paid-in capital; treasury stock; re…
What is the time-frame for current ass…
less than a year
Name all the key assets.
cash; short-term investments; accounts receivable; prepaid ex…
20 terms
Balance sheet accounts
Preferred stock
Godwill
salaries and wages payable
accounts payable
capital stock
intangible asset
current liability
current liability
Preferred stock
capital stock
Godwill
intangible asset
Balance Sheet Accounts
Cash
Accounts Receivable
Allowance for Uncollectible Accounts R…
Inventory
...
Asset. Services/goods delivered on account. Customers owe you…
Contra-Asset. (Allowance for Bad Debt) Management's Estimate…
Asset. Goods or services that will be sold for a profit.
Cash
...
Accounts Receivable
Asset. Services/goods delivered on account. Customers owe you…
52 terms
Balance Sheet Accounts
Cash on hand
Cash in bank
Temporary investments in marketable se…
Notes Receivable (short term)
Asset (Current)
Asset (Current)
Asset (Current)
Asset (Current)
Cash on hand
Asset (Current)
Cash in bank
Asset (Current)
65 terms
Balance Sheet Accounts
Cash
Cash Equivalents
Accounts Receivable
Notes Receivable
current assets
current assets
current assets
current assets
Cash
current assets
Cash Equivalents
current assets
36 terms
Balance sheet accounts
Preferred stock
Goodwill
Salaries and wages payable
Accounts Payable
Capital Stock
Intangible Assets
Current Liabilities
Current Liabilities
Preferred stock
Capital Stock
Goodwill
Intangible Assets
balance sheet accounts
cash
short term investments
held to maturity
trading
current assest
current asset
s t investment current asset
s t investment current asset
cash
current assest
short term investments
current asset
16 terms
Balance Sheet Accounts
A/R
Inventory
PP Expenses
Short Term Investment
(current) Assets
(current) Assets
(current) Assets
(current) Assets
A/R
(current) Assets
Inventory
(current) Assets
balance sheet accounts
cash
cash equivalents
inventory
prepaid expenses
money or any instrument that banks will accept
investments for 90 days or less, with no risks
items help only for sale to the customer
the company pays in advance before a service is provided
cash
money or any instrument that banks will accept
cash equivalents
investments for 90 days or less, with no risks
24 terms
Balance Sheet Accounts
Cash
Debt Investment (Treasury)
Accounts Receivable
Allowance of Doubtful Accounts
Current Asset
Current Asset
Current Asset
Current Contra Asset
Cash
Current Asset
Debt Investment (Treasury)
Current Asset
Balance Sheet accounts
Cash and cash equivalents
restricted cash
restricted marketable securities
net inventories
Asset
Asset
Asset
Asset
Cash and cash equivalents
Asset
restricted cash
Asset
36 terms
Balance Sheet Accounts
Current Asset valued at present value
Current Asset valued at fair value
Current Asset valued at adjusted prese…
Current Asset valued at net realizable…
cash or cash equivalents
Trading and available for sale portfolios
held-to-maturity securities maturing within one year
post-dated checks, rent receivable
Current Asset valued at present value
cash or cash equivalents
Current Asset valued at fair value
Trading and available for sale portfolios
Balance Sheet / Income Statement Accounts
assets / balance sheet account
assets / balance sheet account
assets / balance sheet account
assets / balance sheet account
cash
accounts receivable
merchandise inventory
office supplies
assets / balance sheet account
cash
assets / balance sheet account
accounts receivable
Classification of Balance Sheet Accounts
capital stock
intangible assets
current liabilities
current liabilities
preferred stock
goodwill
wages payable
trade accounts payable
capital stock
preferred stock
intangible assets
goodwill
Accounting balance sheet
Assets (own) =
Current Assets (used within 1 year)
Long Term Assets
Current Liabilities
Liability (owe) + Equity (owners claim)
Cash, Cash equivalents, Inventory, Short term Investments, Ac…
Buildings, Intangible Assets, LT Investments, Property, Plant…
Accounts Payable, All the Payables, Accrued Expenses, Deferre…
Assets (own) =
Liability (owe) + Equity (owners claim)
Current Assets (used within 1 year)
Cash, Cash equivalents, Inventory, Short term Investments, Ac…
15 terms
Accounting Balance Sheet Terms
Company Name // Balance Sheet // Date
Assets
Current Assets
Cash
Write out the header
An asset is a resource with economic value that an individual…
Cash and other assets that are expected to be converted to ca…
Bills, coins, bank balances, money orders, and checks. The mo…
Company Name // Balance Sheet // Date
Write out the header
Assets
An asset is a resource with economic value that an individual…
20 terms
balance sheet classification of accounts
current liabilities
current assets
property, plant, and equipment
current assets
accounts payable
accounts receivable
accumulated depreciation, equipment
allowance for doubtful accounts
current liabilities
accounts payable
current assets
accounts receivable
Classification of Balance Sheet Accounts
Patent
Building Held for Sale
Prepaid Rent
Wages Payable
Intangible asset
Investment
Current asset
Current asset
Patent
Intangible asset
Building Held for Sale
Investment
Classification of Balance Sheet Accounts
Prepaid insurance
Stock owned in affiliated companies
Unearned subscriptions revenue
Advances to suppliers
Current asset
Investments or Other assets.... This item should appear in a not…
Current liabilities or Long-term liabilities.
Current asset
Prepaid insurance
Current asset
Stock owned in affiliated companies
Investments or Other assets.... This item should appear in a not…
41 terms
Chart of Accounts: Balance Sheet
Cash
Petty Cash
Accounts receivable- Less: Allow for U…
Notes Receivable
Asset
Asset
Asset
Asset
Cash
Asset
Petty Cash
Asset
62 terms
Financial Accounting. Balance Sheet
balance sheet
assets
liabilities
shareholders' equity / own capital
баланс
активы
пассивы
акционерный / собственный капитал
balance sheet
баланс
assets
активы
25 terms
Accounting. Balance sheet
Equipment
Landing and buildings
Plant and machinery
L-T investment
Fixed assets
Fixed assets
Fixed assets
Fixed assets
Equipment
Fixed assets
Landing and buildings
Fixed assets
36 terms
Memorizing Accounts for the Balance Sheet
cash
short term investment
accounts receivable
allowance for bad debts
current asset
current asset
current asset
current asset
cash
current asset
short term investment
current asset
Accounting - Classified Balance Sheet
Current Assets
Long-term investments
Property, Plant, Equipment
Intangibles
Expected to be converted into cash or used up in one year (ca…
Investments in stock and bonds of other companies held for ma…
Assets with relatively long useful lives currently being used…
Noncurrent assets that do not have a physical substance (good…
Current Assets
Expected to be converted into cash or used up in one year (ca…
Long-term investments
Investments in stock and bonds of other companies held for ma…
Accounting: Balance Sheet
Reserves
Current Assets
Current Liabilities
Receivables
Money retained in the business
Money invested in working capital
Money owed to suppliers
Customers who have not yet paid for goods or services
Reserves
Money retained in the business
Current Assets
Money invested in working capital
accounting balance sheet matches
salaries expense
unearned revenue
depreciation expense
prepaid rent
salaries payable
revenue
accumulated depreciation
cash
salaries expense
salaries payable
unearned revenue
revenue
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