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Assets, Liabilities
Assets, Liabilities and Ownership Interest
Term | Definition |
---|---|
Asset | accounts receivable |
Asset | cash |
Asset | equipment |
Asset | furniture and fixtures |
Asset | land |
Asset | building |
Asset | notes receivable |
Asset | office supplies |
Asset | prepaid advertising |
Asset | prepaid insurance |
Asset | prepaid rent |
Asset | supplies |
liability | accounts payable |
liability | interest payable |
liability | notes payable |
liability | salaries payable |
liability | taxes payable |
liability | unearned rent revenue |
liability | unearned revenue |
liability | utilities payable |
liability | wages payable |
Owners' equity | common stock |
Owners' equity | retained earnings |
Revenue | rent earned |
Revenue | Fees Earned |
Revenue | Sales |
expense | cost of sales |
expense | utilities expense |
expense | rent expense |
expense | insurance expense |
expense | interest expense |
expense | salary expense |
expense | wages expense |