Cash assets -A current asset account which includes currency, coins, checking accounts, and undeposited checks received from customers.
Petty cash assets -A current asset account that represents an amount of cash for making small disbursements for postage due, supplies, etc.
Temporary Investments -A current asset account which contains the amount of investments that can and will be sold in the near future.
Inventory -A current asset whose ending balance should report the cost of a merchandiser's products awaiting to be sold.
Supplies -A current asset representing the cost of supplies on hand at a point in time. The account is usually listed on the balance sheet after the Inventory account.
Doubtful accounts - Credit accounts.
Assets - What you have
Liabilities - What you have to spend money on.
Equity - The potential money you have in your stuff from the profit.
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