Have an account?
It includes money and any medium of exchange acceptable by bank for deposit such as bills, coins, funds for current purposes, checks, cash in bank, etc.
These are economic obligations, debts or payables of the business.
It is due from customer evidenced by a written promise to pay a definite sum of money for a specified period of time.
This account is an example of a liability account that serves as an evidence through written promised to pay a specific amount of money in the future.
It refers to the initial and additional contributions of owner/s (investments),
These are the withdrawals made by owner/s (dividends for corporations)
These are the costs of promoting the business such as those incurred in newspaper publications, television and radio broadcasts, billboards, flyers, etc.
It refers to the cost paid or to be paid to a lessor for the right to use a commercial property such as an office space, a storeroom, a building, etc.
Repairs and Maintenance Expense
Bank Service charge
It refers to the costs of materials used by the business.
Training and Development Expense
It refers to the amount of money that part of the earnings of the company.