Accounting Equation Components (1)

Accounting Equation Components
Examples of Assets:
Current Assets
Cash
Accounts Receivable
Prepaid Expense
Fixed Assets
Vehicle
Buildings
Intangible Assets
Goodwill
Copyrights
Patents
Examples of Liabilities:
Accounts payable
Bank loans
Lines of Credit
Personal Loans
Officer Loans
Unearned income
Examples of Equity:
Owner’s Capital
Owner’s Withdrawals
Officer Loans
Unearned income
Common stock
Paid-In Capital

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