Accounts Receivable Deposits Petty cash 
Accounting Tools
JULY 8, 2024
Doing so makes it easier to account for the assets in this group. Examples of Asset Classifications Common asset classifications are as follows: Cash. Includes cash in checking accounts, petty cash, and deposit accounts. Receivables. Fixed Assets.
Accounting Tools
MAY 10, 2024
Includes bills and coins on hand, such as petty cash. Bank deposits. Includes cash kept in depository accounts. Trade accounts receivable. Only includes receivables from the organization's customers. If a business only sells for cash up front, then there are no trade accounts receivable.
Accounting Tools
JULY 23, 2024
How to Process Cash Receipts The process of receiving cash is highly regimented, because the task of processing checks is loaded with controls. They are needed to ensure that checks are recorded correctly, deposited promptly, and not stolen or altered anywhere in the process.
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