Assets Sub-Account
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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):
- 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)