Asset and Liability Classifications
- Effective Money: Cash (Current Asset)
- Common Checks Received from Third Parties: Deposit Securities (Current Asset)
- Received Coupons or Vouchers: Issued from sales made with credit cards
- Major Credit Cards: Payment processing
- Goods for Manufacture of Merchandise: Raw Material (Current Asset)
- Desktop, Photocopying, Desks, and Chairs: Furniture and Fixtures
- Money Deposited in Checking Account: Bank Checking
- Cars, Trucks, and Automotive: Vehicles
- Accounts Receivable: People who owe us money on current account (undocumented) from sales of merchandise or services
- Sundry Debtors: People who owe money (undocumented) for reasons other than sales of services or merchandise
- Promissory Notes Received from Third Parties: Documents to collect
- Air, Stoves, Shelves, and Illuminated Signs: Facilities
- Properties: Houses, land, and apartments
- Machinery: Equipment for a machine shop or factory
- Merchandise: Goods intended for sale
- Computer and Printer: Computer Equipment
Liabilities and Equity
- Documents to Pay: Promissory notes delivered to third parties
- Sundry Creditors: People to whom we owe money (undocumented) for borrowing or reasons not related to goods or services
- Suppliers: People to whom we owe money (undocumented) for purchases of merchandise or services
- Deferred Revenues: Payments received in advance from third parties
- Capital: Initial contribution for the formation of a trade or business
- Commissions Earned: Gains made by commercial work undertaken for third parties
- Overheads: Operating expenses
- Cost of Goods Sold: The cost amount of the merchandise sold
- Interest Income (R+): Surcharges charged to customers or debtors for late payments or loans
- Interest Paid (R-): Surcharges charged by suppliers or banks for late payments or borrowed money
- Sales (R+): Revenue from the sale of merchandise or services
- Discounts Obtained (R+): Rebates obtained on purchase prices or payments to suppliers and creditors
- Discounts Granted (R-): Rebates transferred in the sale price or charged to debtors or customers
- Lost Commissions (R-): Loss occasioned by occasional events
- Exercise Result (PN): Profit or loss resulting from a financial year
- Wages: Cash paid to employees for their work
- Reservations (PN): Undistributed profits
