Balance Sheet Terms
Páginas: 2 (442 palabras)
Publicado: 14 de febrero de 2013
1. A resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefit.
Any item of economic value owned by anindividual or corporation, especially that which could be converted to cash. Something valuable that an entity owns, benefits from, or has use of, in generating income.
Current Assets
A balancesheet account that represents the value of all assets that are reasonably expected to be converted into cash within one year in the normal course of business. A balance sheet item which equals the sumof cash and cash equivalents, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that could be converted to cash in less than one year. In accounting, any asset expectedto last or be in use for less than one year is considered a current asset. Also called circulating asset.
Cash
Legal tender or coins that can be used in exchange goods, debt, or services.Sometimes also including the value of assets that can be converted into cash immediately, as reported by a company. Currency and coins on hand, bank balances, and negotiable money orders and checks.Ready money. For accounting purposes, cash includes money in hand, petty cash, bank account balance, customer checks, and marketable securities. It may also include the unutilized portion of an overdraftfacility or line of credit.
Inventories
The raw materials, work-in-process goods and completely finished goods that are considered to be the portion of a business's assets that are ready or will beready for sale.
A company's merchandise, raw materials, and finished and unfinished products which have not yet been sold. These are considered liquid assets, since they can be convertedinto cash quite easily.
Monthly economic report that shows the dollar amount in inventory held by retailers, manufacturers, and wholesalers during a given period of time.
Accounts receivable Money owed by...
Any item of economic value owned by anindividual or corporation, especially that which could be converted to cash. Something valuable that an entity owns, benefits from, or has use of, in generating income.
Current Assets
A balancesheet account that represents the value of all assets that are reasonably expected to be converted into cash within one year in the normal course of business. A balance sheet item which equals the sumof cash and cash equivalents, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that could be converted to cash in less than one year. In accounting, any asset expectedto last or be in use for less than one year is considered a current asset. Also called circulating asset.
Cash
Legal tender or coins that can be used in exchange goods, debt, or services.Sometimes also including the value of assets that can be converted into cash immediately, as reported by a company. Currency and coins on hand, bank balances, and negotiable money orders and checks.Ready money. For accounting purposes, cash includes money in hand, petty cash, bank account balance, customer checks, and marketable securities. It may also include the unutilized portion of an overdraftfacility or line of credit.
Inventories
The raw materials, work-in-process goods and completely finished goods that are considered to be the portion of a business's assets that are ready or will beready for sale.
A company's merchandise, raw materials, and finished and unfinished products which have not yet been sold. These are considered liquid assets, since they can be convertedinto cash quite easily.
Monthly economic report that shows the dollar amount in inventory held by retailers, manufacturers, and wholesalers during a given period of time.
Accounts receivable Money owed by...
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