Assets Sub-Account

An Assets Sub-Account is an bookkeeping sub-account within an assets account.

• Context:
  • It can (typically) be a member of a Chart of Accounts.
  • It can range from being a Assets Sub-Account Instance to being a Assets Sub-Account Concept.
  • …
• Example(s):
  • a Cash Account.
  • a Short-term Investments Account.
  • a Accounts Receivable Account.
  • a Allowance for Doubtful Accounts (a contra-asset account) Account.
  • a Accrued Revenues/Receivables Account.
  • a Prepaid Expenses Account.
  • a Inventory Account.
  • a Supplies Account.
  • a Long-term Investments Account.
  • a Land Account.
  • a Buildings Account.
  • a Equipment Account.
  • a Vehicles Account.
  • a Furniture and Fixtures Account.
  • a Accumulated Depreciation Account.
  • …
• Counter-Example(s):
  • a Liabilities Sub-Account.
  • a Equity Sub-Account.
  • a Revenues Sub-Account.
  • a Expenditures Sub-Account.
• See: Accounting Account.

---

---

References

2014

• http://www.accountingcoach.com/bookkeeping/explanation/6
  • QUOTE: Here are some examples of asset accounts: Cash; Short-term Investments; Accounts Receivable; Allowance for Doubtful Accounts (a contra-asset account); Accrued Revenues/Receivables; Prepaid Expenses; Inventory; Supplies; Long-term Investments; Land; Buildings; Equipment; Vehicles; Furniture and Fixtures; Accumulated Depreciation (a contra-asset account)

---