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) N on 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.