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    AEC11 - Balance Sheet - Line Items

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    KYLE CASSANDRA DUNAY BABAEL
    The document outlines the typical line items found on a company's balance sheet, separating current and non-current assets, current and non-current liabilities, and equity accounts. Current assets include cash, receivables, inventories, and prepaid expenses. Non-current assets include property, plant and equipment, intangible assets, investments, and other long-term assets. Current liabilities comprise payables and short-term loans. Non-current liabilities consist of long-term loans, bonds payable, and other long-term obligations. Equity includes share capital, reserves, and retained earnings.

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    AEC11 - Balance Sheet - Line Items

    Uploaded by

    KYLE CASSANDRA DUNAY BABAEL
    14 views3 pages
    The document outlines the typical line items found on a company's balance sheet, separating current and non-current assets, current and non-current liabilities, and equity accounts. Current assets include cash, receivables, inventories, and prepaid expenses. Non-current assets include property, plant and equipment, intangible assets, investments, and other long-term assets. Current liabilities comprise payables and short-term loans. Non-current liabilities consist of long-term loans, bonds payable, and other long-term obligations. Equity includes share capital, reserves, and retained earnings.

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    Pas 1

    Original Title

    AEC11_Balance Sheet_Line Items

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    The document outlines the typical line items found on a company's balance sheet, separating current and non-current assets, current and non-current liabilities, and equity accounts. Current assets include cash, receivables, inventories, and prepaid expenses. Non-current assets include property, plant and equipment, intangible assets, investments, and other long-term assets. Current liabilities comprise payables and short-term loans. Non-current liabilities consist of long-term loans, bonds payable, and other long-term obligations. Equity includes share capital, reserves, and retained earnings.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    14 views3 pages

    AEC11 - Balance Sheet - Line Items

    Uploaded by

    KYLE CASSANDRA DUNAY BABAEL
    The document outlines the typical line items found on a company's balance sheet, separating current and non-current assets, current and non-current liabilities, and equity accounts. Current assets include cash, receivables, inventories, and prepaid expenses. Non-current assets include property, plant and equipment, intangible assets, investments, and other long-term assets. Current liabilities comprise payables and short-term loans. Non-current liabilities consist of long-term loans, bonds payable, and other long-term obligations. Equity includes share capital, reserves, and retained earnings.

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    of 3

    CURRENT ASSETS NON CURRENT ASSETS CURRENT LIABILITIES NON CURRENT EQUITY

    LIABILITIES
    Cash and Cash Equivalents Property, plant, Equiment Trade and other Payables Liabilities Included in Share Capital
    • Cash on hand • Land • Accounts Payable Disposal Groups • Ordinary Share
    • Cash on Bank • Building • Notes Payable Capital
    • Equipment • Accrued Salaries • Preference Share
    • Tools • Accrued Interest on Capital
    • Furniture Notes Payable • Subscribed Share
    • Accumulated • Income Tax Payable Capital
    depreciation (building, • SSS Payable • Subscription
    equipment, and the • Employees Income Receivables
    like) Tax Payable
    • Withholding Tax
    Payable
    • Dividends Payable
    • Accrued Expenses
    • Advances from
    Customers
    • Estimated Liabilities
    for Damages
    • Other Accrued
    Liabilities
    Marketable Securities Long-term Investments Provisions Bonds Payable Reserves
    • Investment in bonds • Amount of an • The • Share Premium
    • Plant Expansion Funds expense that an Remaining • Retained Earnings –
    • Sinking Funds entity elects to portion if naa Appropriated
    • Preference Share recognize now, nay paid up.
    Redemption Fund before it has precise
    • Cash Surrender Value information about
    • Land held for the exact amount of
    speculation expense
    Trade and other receivables Intangible Assets Financial Liabilities Premium on bonds • Treasury Shares
    • Accounts • Franchise • Current if only short payable
    Receivable • Goodwill term and adheres to
    • Allowances for bad • Trademark the qualification of
    debts • Lease Rights current liabilities. If
    • Notes Receivable • Computer Software not, it would be
    • Claim Receivable • Patent considered as non
    • Accrued Interest on • Secret Processes and current.
    notes receivable Formulas
    Inventories Other Assets Deferred Liabilities
    • Goods in process • Advances to officers – • an obligation
    • Raw materials not currently available for which
    • Finished Goods • Long-term Refundable settlement is
    • Factory Supplies Deposit not required
    until a later
    period. If the
    deferral is
    for more
    than one
    year, then
    the liability is
    classified on
    an entity's
    balance
    sheet as a
    long-term
    liability.
    Prepaid Expense Investment Properties Debentures
    • Prepaid Insurance • Land held for
    • Prepaid Supplies appreciation
    • Building held for
    current or future
    leases to third parties
    Other Liquid Assets Biological Assets Long-Term Loans
    • Tax Refunds • Agricultural assets
    • Promissory Notes (harvests more than
    12 months from the
    reporting date,
    livestock to be held for
    more than 12 months,
    trees cultivated for
    lumber and fruits,
    donkeys and animals
    perhaps lol basta
    living)
    Non-Trade Receivables Assets held for sale including Long term lease
    • Employee Loans disposal group Obligation
    • Wage Advances • Current
    • Income Tax Refund portion nga
    • Insurance Claims paid up sa
    • Interest Payment operation
    (Advances) period would
    belong to
    current. The
    remaining kay
    diri.
    Short-Term Investments Pension benefit
    • CDs obligations
    • Money Market
    Accounts
    (Instruments)
    • Government Bonds
    • Treasury Bills

    Notes by: Kyle Cassandra Babael (ACB1)

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