AcctgEquation_Perpetual

AcctgEquation_Perpetual - Revenue Cash Equivalents Land...

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Account Type Assets = Liabilities + Equity Classification Current Assets Long-Term Assets Property Plant Intangible Assets Current Liabilities Long-Term Liabilities Owners’ Equity Retained Earnings Accounts Cash Investments in Stocks Land Patents Accounts Payable Long-term Notes Payable Common Stock Retained Earnings (Contra Accounts) Accounts Receivable Investments in Bonds Buildings Copyrights Short-term Notes Pay Bonds Payable Preferred Stock (Dividends) (Allowance for DA) Notes Receivable Automobiles Goodwill Salaries Payable Additional Paid in Capital Inventory Equipment Taxes Payable (Treasury Stock) Supplies Furniture & Fixtures Current Portions of LTD Prepaid Expense (Accumulated Depreciation) Unearned
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Unformatted text preview: Revenue Cash Equivalents Land Improvements Accrued Liability Marketable Securities Account Type Revenues-Expenses = Net Income Classification Operating Revenues Non-Operating Revenues Operating Expenses Non-Operating Expenses Cost of Goods Sold Accounts & Service Revenue Interest Revenue Advertising Expense Interest Expense Cost of Goods Sold (Contra Accounts) Sales Revenue Gain on Disposal of Asset Depreciation Expense Loss on Disposal of Assets (Sales Returns & Allowances) Postage/Freight-out Loss from Disaster (Sales Discounts) Repairs Expense Rent Expense Salaries Expense Utilities Expense Basic Accounting Equation...
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This note was uploaded on 02/13/2012 for the course ACCT 2000 taught by Professor Holmes during the Fall '08 term at LSU.

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