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Classifying Assets, Liabilities, and Equity examples

 
 
shushi
 
Reply Mon 12 Oct, 2015 12:41 am
I'm barely starting to learn about Economics and I'm preparing my notes. I want to prepare this as a developing reference for others who need help reviewing accounting Balance Sheet terms like me. Here are some that I think I already got down;

Assets:
Cash, Short Term Investment, Accounts Receivable, Accumulated Depreciation, Equipment, Merchandise Inventory

Liabilities:
Accounts Payability, Dividends Payability, Short-term Debt., Long-term Debt., Other Accrued Liabilities

Stockholder's Equity:
Common Stock, Retained Earnings, Additional Paid-in Capital


Here's the list of other ones that I haven't yet been able to differentiate: (there's 3 items per line)

Allowance for bad debts, APIC-Preferred, Bad debts expenses,
Bonds payable, Buildings, Capital lease liability,
Commissions Expense, Commissions payable, Cost of goods sold,
Current Maturities of long-term debt, Deferred income Taxes, Deferred tax liabilities,
Depreciation Eepense, Discount on bonds payable, Discount on notes payable,
Employee contributions to pension plan, Estimated health care expense, Estimated liability for retiree health care--Current,
Estimated liability for retiree health care--Noncurrent, Estimated warranty liability, Federal unemployement taxes withheld,
FICA taxes withheld, Gain on sale of equipment, Goodwill,
Group hospitalization insurance, Income tax expense, Income taxes payable,
Income taxes withheld, Insurance expense, Interest expense,
Interest Income, Interest payable, Interest receivable,
Interest revenue, Keg deposits, Keg deposits revenue,
Keg expense, Kegs, Land,
Loss of sale equipment, Loss on early retirement of bonds, Loss on sale of machine,
Machine, Medical insurance contributions, Miscellaneous expense,
Note receivable, Parts inventory, Payroll tax expense,
Payroll taxes payable, Preferred stock, Premium on bonds payable,
Prepaid insurance, Prepaid rent, Prepaid rent,
Real estate tax expense, Real estate taxes payable, Realized gain on sale of marketable securities,
Rent expense, Rent payable, Rent revenue,
Salaries expense, Sales, Sales revenue,
Serial bonds payable, Service revenue, State unemployment taxes withheld,
Subscription revenue, Supplies, Supplies expense,
Supplies on hand, Ticket revenue, Treasury stock,
Trucks, Unearned rent revenue, Unearned revenues,
Unearned subscription revenue, Unearned ticket revenue, Union dues,
Utilities expense, Wages expense, Wages payable,
Warranty expense, Withholding liabilities
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shushi
 
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Reply Mon 12 Oct, 2015 01:35 am
@shushi,
Hello Everybody,
I decided to update my list, here I've included both the Balance Sheet and the Income Statement (since some of the things that I've listed fall under it). Here's what I've got so far;

> Balance Sheet
Assets:
Cash, Short Term Investment, Accounts Receivable, Accumulated Depreciation, Equipment, Merchandise Inventory

Liabilities:
Accounts Payability, Dividends Payability, Short-term Debt., Long-term Debt., Other Accrued Liabilities

*Stockholder's Equity:
Common Stock, Retained Earnings, Additional Paid-in Capital


>Income Statement
Revenues:
Net Sales, Interest Income,

Gains:
Gain on sale of land, Gain on sale of equipment,

Expense:
Depreciation Expense, Income tax expense, Selling expense

Loss:
Loss on sale of short-term investment, Loss on sale of machine,

Equity:
Cost of goods sold,

*Stockholder's Equity:
Net income,
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