Basic Accounting Equation: Assets= Liabilities + Owners Equity
Assets
Current Assets Long Term Property, Intangible
Investment Plant, and Assets
Equipment
Cash Investments in Land Goodwill
bonds and stocks
Short Term Investments in Buildings Patent
Investment Real Estates
Account Receivable Automotive Copyright
A/R
Notes Receivable Equipment Trademark
N/R
Inventory
Supplies
Prepaid Expenses
Liabilities
Current Liabilities Long Term Liabilities
Notes Payable N/P less than Notes Payable N/P more than one
one year year
Accounts Payable A/P Long Term Loans
Accrued Expenses Bonds Payable
Unearned Revenue Mortgage Payable
Owner’s Equity
Additional Investment
Revenues
Owner’s Drawings
Expenses
Assets
Current Assets Long Term Property, Intangible
Investment Plant, and Assets
Equipment
Cash Investments in Land Goodwill
bonds and stocks
Short Term Investments in Buildings Patent
Investment Real Estates
Account Receivable Automotive Copyright
A/R
Notes Receivable Equipment Trademark
N/R
Inventory
Supplies
Prepaid Expenses
Liabilities
Current Liabilities Long Term Liabilities
Notes Payable N/P less than Notes Payable N/P more than one
one year year
Accounts Payable A/P Long Term Loans
Accrued Expenses Bonds Payable
Unearned Revenue Mortgage Payable
Owner’s Equity
Additional Investment
Revenues
Owner’s Drawings
Expenses