Asset Counts

Assets
Current assets
Cash: Cash, bank notes, coins, checks received, bank drafts, postal or telegraph, etc.. Increases when cash is received. Decreases when paid in cash. Assets represents cash owned by the merchant.
Banks: value of deposits in favor of the bank line, made in banks. Increases when deposited bullion or securities to cash. Decreases when checks are issued against the bank. Active accounts owned by the merchant money deposited in banks.
Goods: everything that is being purchased or sold. Increases when we buy or strike goods. Decreases when sold or returned goods. Asset because it represents the value of goods owned by the merchant, but it is only the start and finish the exercise, it has mixed.
Clients: business mickle due to goods purchased on credit, and those who do not engage special security documents. Increases every cartridge clip you sell goods on credit. Decreases when the customer pays all or part of it, returns the goods or is given(p) a rebate. Active represents the value of sales made on credit.
Notes receivable: credits for the business, such as bills of substitute, promissory notes, etc.. Increases when receiving bills of exchange or promissory notes in favor of the business. Decreases each sequence collected or endorse one of these documents or when canceling.



Assets represents the total of bills and notes that the merchant has the right to charge.
Sundry debtors: the business people who brace a polar concept of sale of goods. Increases each time we have left to duty on a different concept of sale of goods, to pay cash, by selling on credit any value other than goods, etc. Decreases when these people make payments or in liquidation or return values ??that were in charge. Asset because it represents the amount of debts that are not sales of goods on credit the trader has the right to charge.
resolved assets
Land: land belonging to the merchant. Active represents the cost monetary value of the land owned by the merchant.
Buildings:...If you want to get a full essay, order it on our website: Ordercustompaper.com



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