Balance Sheet Accounts Lists / Examples

 

Balance Sheet Accounts list includes all Assets (both Current Assets and Non Current Assets / Fixed Assets), All Liabilities (both Current Liabilities and non Current Liabilities / Long-Term Liabilities) and Owner’s Equity or Equity.

Here are some important balance sheet accounts list shown on the balance sheet.

Current Assets include Cash, Cash Equivalents, Accounts Receivable (Sundry Debtors), Inventory / Stock / Merchandise, Prepaid Expenses / Accrued Incomes or Revenues such as Prepaid Rent, Commission Paid In Advance, etc.

Fixed Assets / Non Current Tangible Assets include Plant & Machinery, Furniture & Fixtures, Land & building, Office Equipment, etc.

Intangible Assets such as Patents, Franchises, Copyrights, Licenses,Goodwill, etc.

Current Liabilities include Accounts Payable / Sundry Creditors, Accrued Salaries, Unearned Commission, Outstanding Rent, Short-Term Borrowings, etc.

Long-Term Liabilities include Long-Term Loans, etc.

Equity include Share Capital, Shares Premium, etc.