ASSETS Flashcards

1
Q

what the account and classification?
- accounts receivables
- note receivables
- claims receivables
- rent receivables
- interest receivables

A

current assets
trade recievables

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2
Q

WHAT IS THE ACCOUNT?
INTANGIBLE ASSETS

A

NON CURRENT ASSETS

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3
Q

WHAT IS THE ACCOUNT?
CASH AND EQUIVALENTS

A

CURRENT ASSETS

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4
Q

what is the account and classification?
- cash on hand or in bank
- marketable securities

A

current assets
cash and equivalents

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5
Q

WHAT IS THE ACCOUNT?
SUPPLIES

A

CURRENT ASSETS

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6
Q

what is the account and classification?
- patent
- franchise
- trademark
- copyright
- computer software

A

non-current assets
intangible assets

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7
Q

what is the account?
- advances to officers
- abandoned property
- refundable deposit

A

non-current assets

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8
Q

what is the account and classification?
- office supplies
- shop supplies
- repair supplies
- store supplies
- cleaning materials (supplies)
- computer supplies

A

current assets
supplies

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9
Q

WHAT IS THE ACCOUNT?
INVENTORIES

A

CURRENT ASSETS

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10
Q

what is the account and classification?
- land
- building
- machineries
- vehicles
- furniture/fixtures
- equipments
- tools

A

non-current assets
property, plants and equipment

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11
Q

what is the account and classification?
- merchandise inventories
- raw materials
- goods in process
- finished goods

A

current assets
inventories

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12
Q

WHAT IS THE ACCOUNT?
INVESTMENTS

A

NON-CURRENT ASSETS

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13
Q

what is the account and classification?
- investment in bonds, subsidiaries, joint ventures

A

non-current assets
investments

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14
Q

WHAT IS THE ACCOUNT?
PREPAYMENTS?

A

CURRENT ASSETS

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15
Q

WHAT IS THE ACCOUNT?
TRADE RECEIVABLES

A

CURRENT ASSETS

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16
Q

WHAT IS THE ACCOUNT?
PROPERTY, PLANTS AND EQUIPMENT

A

NON-CURRENT ASSETS

17
Q

what is the account and classification?
- prepaid rent
- prepaid insurance
- prepaid advertising
- prepaid tax
- prepaid interest

A

current assets
prepayments