Accounting Tools

JULY 8, 2024

As an example of how accounting rules may be applied to the assets within a group, all of the fixed assets in the computer software group could be assumed to have the same useful life , to which is applied a standard depreciation methodology. Examples of Asset Classifications Common asset classifications are as follows: Cash.

Petty cash 74

Petty cash Computation Deposits Accounts Receivable 74

Accounting Tools

MAY 10, 2024

The general categories of asset accounts are as follows, along with the accounts commonly used within each category: Current Asset Accounts Cash. Includes bills and coins on hand, such as petty cash. Includes cash kept in depository accounts. Computer equipment. Bank deposits. Marketable securities.

Petty cash 75

Petty cash Accounting Accounting Accounts Receivable 75

Accounting Tools

JULY 28, 2023

Must be detail oriented and comfortable using computer-based accounting systems.

Petty cash 40

Petty cash General Ledger Purchase Order Reconciling 40

Accounting Tools

OCTOBER 3, 2023

Account Number Description 010 Cash 020 Petty cash 030 Accounts receivable 040 Reserve for bad debts 050 Marketable securities 060 Raw materials inventory 070 Work-in-process inventory 080 Finished goods inventory 090 Reserve for obsolete inventory 100 Fixed assets – Computer equipment 110 Fixed assets – Computer software 120 Fixed assets (..)

Petty cash 40

Petty cash Computation Accounting Accounting 40

Accounting Tools

JUNE 8, 2023

Step 2: Prepare Business Document Prepare the business document associated with the accounting transaction, such as a supplier invoice , customer invoice, petty cash voucher , or cash receipt. This step is handled automatically by an accounting computer system.

General Ledger 75

General Ledger Financial Statements Accounting Accounting 75

Accounting Tools

OCTOBER 3, 2023

The following sample chart of accounts uses divisions located in Boston and Omaha to demonstrate how a seven-digit chart of accounts could be structured. Account No.

Petty cash 40

Petty cash Computation Accounting Accounting 40

Accounting Tools

OCTOBER 3, 2023

Related Articles 3-Digit Chart of Accounts 7-Digit Chart of Accounts How to Improve Your Chart of Accounts Chart of Accounts Numbering Chart of Accounts Overview For example, the accounting department in the example has an account for bank charges that the production department is unlikely to use.

Petty cash 40

Petty cash Accounting Accounting Computation 40