1. are short-term investments that are readily convertible to known amounts of cash which are subiect to an insignificant risk to changes in value

1. are stocks and bonds purchased by the enterprise and are to be held for only a short span of time or duration. They are usually purchased when a business has excess cash.

amount collectible from the customer to whom sales have

been made or services have been rendered on account or credit

(a)  

promissory note issued by the client or the customer in exchange for services or goods received as evidence of his/her obligation to pay

(a)  

amount of interest collectible on promissory notes received from customers and clients

(a)  

1. certain amount of money loaned to employees payable in cash or through salary deductions

1. income already earned but not yet received

1. represent the unsold goods at the end of the accounting period. This is applicable only to a merchandising business.

1. include supplies bought for use in the business or services and benefits to be received by the business in the future paid in advance.

1. accounts deducted from the related asset accounts.

1. losses due to uncollectible accounts. This is deducted from the accounts receivable account to get the net realizable value. This is in line with the financial statements' qualitative characteristic of conservatism wherein no profits would be anticipated but all probable or estimable losses should be provided.

1. represents the expired cost of property, plant, and equipment as a result of usage and passage of time. This is deducted from the cost of the related asset account to get the carrying value or book value of the asset.

assets held by an enterprise for the accretion of wealth through capital distribution such as interests, royalties, dividends and rentals, for capital appreciation or for other benefits to the investing enterprise such as those obtained through trading relationships. they are intended to be held for an extended period of time.

(a)  

tangible assets that are held by an enterprise for use in the production or supply of goods or services, or for administrative purposes. These assets are expected to be used for more than one period.

(a)  

1. a piece of lot or real estate owned by the enterprise on which a building can be constructed for business purposes.

edifice or structure used to accommodate the office, store, or factory of a business enterprise in the conduct of its operations.

(a)  

1. includes typewriter, air-conditioner, calculator, filing cabinet, computer, electric fan, trucks, and cars used by the business in its office, store, or factory. Specific account titles may be used such as office equipment, store equipment, delivery equipment, transportation equipment, and machinery equipment.

1. include tables, chairs, carpets, curtains, lamp and lighting fixtures, and wall decors. Specific account titles may be used such as office furniture and fixtures, and store furniture and fixtures. orl Ja3237g91

identifiable, non-monetary assets without physical substance held for use in the production or supply of goods or services, for rental to others, or for administrative purposes. These include goodwill, patents, copyrights, licenses, franchises, trademarks, brand names, secret processes, subscription lists, and non-competition agreements

(a)