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List of fixed assets. Fixed assets have a normal debit balance except Accumulated Depletion and Accumulated Depreciation and can be found on the balance sheet.

Accumulated Depletion
Accumulated Depreciation
Building
Equipment
Investment in Bonds
Investment in Stocks
Investment in Subsidary
Land

Popularity: 1% [?]

List of current liabilities that can be found on a Balance Sheet. They all have a normal credit balance.

Accounts Payable
Deferred Income Tax Payable
Employees Federal Income Tax Payable
Federal Income Tax Payable
Federal Unemployment Tax Payable
Income Tax Payable
Medicare Tax Payable
Salaries Payable
Sales Tax Payable
Social Security Tax Payable
State Unemployment Tax Payable
Unearned Rent
Vacation Pay Payable

Popularity: 1% [?]

This is a list of current assets that you normally use. They have a normal debit balance except the Allowance for Doubtful Accounts, which has a credit balance. These accounts are found on the balance sheet.

Accounts Receivable
Allowance for Doubtful Accounts
Cash
Finished Goods
Interest Receivable
Marketable Securities
Materials
Merchandise Inventory
Notes Receivable
Petty Cash
Prepaid Insurance
Supplies
Work in Progress

Popularity: 1% [?]

Here is a list of income accounts. They have a normal credit balance except the Sales Discounts and the Sales Returns and Allowances, which have a normal debit balance. These items can be found on the Income Statement.

Dividend Revenue
Exchange Gain
Gain on Disposal of Fixed Asset
Gain on Redemption of Bonds
Gain on Sale of Investments
Interest Revenue
Rent Revenue
Sales
Sales Discounts
Sales Returns and Allowances

Popularity: 1% [?]

The very essence of accounting can be broken down to what is called the Accounting Equation. This equation has 3 major parts. They are:

Assets – which are things of value , such as cash, equipment, supplies, buildings, and land.

Liabilities – which are the debts that you owe.

Equity – is what is left after you subtract liabilities from assets.

So the equation is:

Assets = Liabilities + Equity

If you know any of the 2 parts of the equation, you can solve for the third part. Here is an example:

Assets (?) = Liabilities (3,500) + Equity (10,000)

? = 3,500 + 10,000

13,500 = Assets

Pretty simple stuff, but one thing that is not stressed enough in beginning accounting courses. If you know this equation you then should be able to figure out most of your entries. Why? Because everything has to equal.

Here are a couple of variations on the equation that you can work on.

Assets (10,000) – Liabilities (5000) = Equity (?)

Assets (15,000) = Liabilities (?) + Equity (5000)

Assets (12,500) = Liabilities (3500) + Equity (?)

Popularity: 1% [?]

1. Falling in Love … With Your Investments
2. Chasing a Fantasy
3. Equating “On Sale” With “Good Deal”
4. Retaliatory Spending
5. Hanging On to Debt
6. Parental Martyrdom
7. Cyber Insecurity
8. State of Denial
9. Hoarding Money

Source: CBS News

Popularity: 1% [?]

1. Play outside.

2. Write letters.

3. Keep your government job or any not-overly-exciting-but-stable position.

4. Grow meals in the backyard.

5. Generate as much income as possible.

6. Get government-sponsored training.

7. Stay put.

8. Move to where the jobs are.

9. Share.

Source:Wisebread

Popularity: 1% [?]