SW#2 ACCOUNT TITLE PART 1

This are tangible assets that have its own system to work in order to produce products and to provide services to customers.

This represents the equity or claim of the owner on the assets of the business.

This are amount due to creditors supported by promissory note.

This are cash or other asset withdrawn or taken by the owner form of business for personal use.

This are unpaid salaries to the employees at the end of the accounting period.

This are amount due to creditors for assets acquired in account.

This are tangible assets which are tools or instruments used in the operation of the business such as computers, air-conditioning units, calculator, typewriter, cash register and other similar assets.

This are properties owned by the business which are not part of the building property such as office tables, filing cabinets, chairs, and other similar items used in the operation of the business.

It is any medium of exchange that a bank will accept at face value. It includes coins and currencies, checks, money orders and bank drafts.

This are expenses paid in advance.