Effect of Teenage Relationship

In: English and Literature

Submitted By annamay
Words 484
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1. Assets - are things of value owned by the business.
2. Liabilities - are the equities of the creditors, or the debts of the business.
3. Cash - is any medium of exchange that the bank will accept at face value.
4. Accounts Receivable - Money which is owed to a company by a customer for products and services provided on credit. This is often treated as a current asset on a balance sheet.
5. Notes Receivable - A note receivable is a formal promise to receive a specific amount of cash from another party on one or more future dates.
6. Current Assets - A balance sheet item which equals the sum of cash and cash equivalents, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that could be converted to cash in less than one year.
7. Furniture & Fixture - Items considered as personal property unless they are affixed to the real property, such as chairs, desks, filing cabinets, computer equipment, copier, fax machine, telephone equipment.
8. Accumulated depreciation - is the total decrease in the value of an asset on the balance sheet of a business, over time.
9. Inventories - Inventories are considered current assets in that they usually are sold within a year or within a company's operating cycle.
10. Prepaid expenses - are assets that become expenses as they expire or get used up.
11. Deferred charge - An expenditure that is considered an asset until it becomes relevant to the business at hand, such as prepaid rent that is considered an asset until the rent is officially due.
12. Intangible assets - are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured, which are created through time and/or effort and that are identifiable as a separate asset.
13. Office state equipment
14. Current liabilities - the sum of all money owed by a company and due within one year. Also called…...

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