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Balance Sheet Accounts - Coggle Diagram
Balance Sheet Accounts
Liabilities accounts
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Types of liabilities
current liabilities
Example: Accounts payable, social security, loans payable
Fixed liabilities
Example: Mortgages, long-term loans
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Adjustment accounts
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Example: Inventory, purchases, returns on purchases, purchase expenses, sales, returns on sales
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Asset accounts
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asset types
Circulating Assets
Example: Box, bank, merchandise, doc. receivable
Fixed assets
Example: Land, Buildings, Furniture and Equipment
Deferred assets
Example: advance insurance, advance rentals, prepaid ads.