Lesson 09 - Lesson 9: Working with Balance Sheet Accounts...

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Return to the QuickBooks Pro 2010 web page Lesson 9: Working with Balance Sheet Accounts
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2 Lesson Objectives After studying this lesson, you will be able to: f Work with other current assets f Transfer funds between accounts f Track petty cash f Work with fixed asset accounts f Set up a long term liability f Work with equity accounts
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Other Current Asset Accounts Track short-term assets f Assets you will use within one year f Assets you will convert to cash within one year 3
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Additional Types of Balance Sheet Accounts Account Name Description Other Current Assets Assets you plan to use or convert to cash within one year Fixed Assets Depreciable; assets you do not plan to convert to cash within one year Long Term Liabilities Loans you do not plan to pay off within the next year Equity Owner’s stake in the company (sole proprietor, partner, shareholder) 4
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View only the subaccount in the Account column on forms. Especially helpful due to size of the Account columns (although in
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This note was uploaded on 09/25/2011 for the course ACG 2011 taught by Professor Applebaum during the Summer '11 term at Broward College.

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Lesson 09 - Lesson 9: Working with Balance Sheet Accounts...

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