What are the account titles in accounting?
|Account Title||Type of Account|
|Marketable Securities||Current Assets|
|Accounts Receivable||Current Asset|
Also to know is, what are the account titles?
Common Account Titles: Balance Sheet Cash. Current Assets. Marketable Securities. Current Assets. Accounts Receivable.
Similarly, what are the account titles under liabilities? Examples of liability accounts reported on a company's balance sheet include:
- Notes Payable.
- Accounts Payable.
- Salaries Payable.
- Wages Payable.
- Interest Payable.
- Other Accrued Expenses Payable.
- Income Taxes Payable.
- Customer Deposits.
In this manner, what are the account titles of assets?
Descriptions of asset accounts
- Cash. Cash includes currency, coins, checking account balances, petty cash funds, and customers' checks that have not yet been deposited.
- Short-term Investments.
- Accounts Receivable.
- Allowance for Doubtful Accounts.
- Accrued Revenues/Receivables.
- Prepaid Expenses.
How do you classify account titles?
Account Features Classify balance sheet accounts as assets, liabilities or equity. Classify income statement accounts as revenue, expenses or draws. You can debit or credit an account. Debits are always on the left column and credits are always on the right column.