XI Accounting Class 02 What are Assets?, list of Current Assets and Fixed Assets

XI Accounting Class 02 Assets, Current Assets, Fixed Assets, Tangible Assets and Intangible Assets,in Urdu and Hind Assets CURRENT ASSETS Cash/Bank:  (cash in hand) ( cash at bank) Accounts Receivable: Notes Receivable   Merchandise inventory /goods Prepaid Expenses: Supplies: Marketable Securities:   FIXED ASSETS An asset of a business intended …

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XI ACCOUNTING CLASS 01 HEAD OF ACCOUNTS ! ELEMENTS OF ACCOUNTS! NATURE OF ACCOUNTS

What are the three basic elements of accounting

HEAD OF ACCOUNTS / ELEMENTS OF ACCOUNTS/NATURE OF ACCOUNTS There are only five heads of accounts to maintain the books of accounts. 1) Assets. 2) Liabilities. 3) Owner’s equity / Proprietorship. 4) Revenue and income. 5) Expenditure/ Expense What are the three basic elements of accounting The three major elements …

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