A List of Assets In Accounting

Assets are classified on the Balance Sheet according to the Types of Assets. These are shown below:

(i) Current Assets Lists

It includes Cash, Accounts Receivable / Debtors, Inventory / Stock, Prepaid Expenses / Expenses Paid In Advance, Accrued Revenues,

(ii) Non Current Assets Lists

Land & buildings, Office Equipment, Furniture & Fixture, Plant & Machinery, Office Supplies

(iii) Contingent Assets Lists

Lawsuit case, in which if the company wins the case, then the company can own the assets for which the petition is filed in the court.

(iv) Deferred Assets Lists

Deferred Expenses Treated as Assets.