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Posts Tagged ‘assets’


Assets Accounting

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Are sales and inventory considered assets in accounting? Inventory is considered a current asset… Sales is an income statement item, and not an asset. Accounting Basics 3- Assets Wallmonkeys Peel and Stick Wall Decals – One Golden Kg Weight – Removable Graphic WallMonkeys wall graphics are printed on the highest quality re-positionable, self-adhesive fabric paper. [...]

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Accounting Liabilities

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liabilities??? accounting? is health insurance a liability? so when I input it should it be under liability or expense i just took over books for ths company and they have some inputted as ins-owner under liability and then some inputted as ins. as an expense…. they have no ins for employees just the owner and [...]

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Fixed Asset Accounting

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what is the smallest fixed assets figure? What is the smallest amount for an item you can enter into a fixed assets account? There is no “smallest” amount. Everything can be entered, from $1 and up. Virginia Cunning, Enrolled Agent, Master Tax Advisor H & R Block This advice was prepared based on our understanding [...]

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