Accounting for Non-Accountants -
Accounting for Non-Accountants is a 20-hour
strictly online accounting course that requires no
textbook or live instructor. It is a self-paced accounting tutorial
that can be taken 24/7 conveniently in your own home, office, or
from any computer that has access to the Internet.
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owned, whether tangible (a physical item) or intangible (the right to
something) is an asset. Assets
are generally separated into two groups:
Assets - Cash
and other assets that will be used up, or sold, or converted to cash
within the normal operation of business.
Assets - Permanent
or fixed assets, such as land, buildings, equipment, etc.
- Includes the cash at the store & in the bank.
Accounts Receivable -
What others owe you.
Notes Receivable - Loans
made to others.
Prepaid Insurance -
Premiums that are paid in advance.
Office Supplies - Are
assets from purchase to use.
Inventories - Ready to be
sold and work in progress.
Equipment - Office,
production, store equipment.
Buildings - Your place of
business - garage, plant, store.
Land - Should have it's
own account - doesn't depreciate.