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Asset accounts definition

Accounting Tools

Bank deposits. Computer equipment. May include not only computer equipment, but also the cost of more expensive software packages. The general categories of asset accounts are as follows, along with the accounts commonly used within each category: Current Asset Accounts Cash. Includes bills and coins on hand, such as petty cash.

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Examples of assets

Accounting Tools

Examples of assets that are found on the balance sheet are as follows (presented in alphabetical order): Bond investments Building fixed assets Cash Certificate of deposit investments Commercial paper investments Computer equipment fixed assets Computer software fixed assets Finished goods inventory Furniture and fixture fixed assets Land fixed assets (..)

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Top 20 Most Used SSIC Codes (Plus an Updated List of 80 Other Common Codes)

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EG CEMENT, SAND) 46513 WHOLESALE OF COMPUTER ACCESSORIES (EG MEMORY CARDS, COMPUTER CABLES) 46309 WHOLESALE OF FOOD, BEVERAGES AND TOBACCO N.E.C. 64999 OTHER FINANCIAL SERVICE ACTIVITIES, EXCEPT INSURANCE AND PENSION FUNDING ACTIVITIES N.E.C. INCLUDING DRIED OR CANNED) 46599 WHOLESALE OF OTHER MACHINERY AND EQUIPMENT N.E.C.

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In transit definition

Accounting Tools

In accounting, the "in transit" term is most commonly applied to deposits that are in transit from a company to its bank, resulting in a reconciling item on the company's bank reconciliation if the checks are in transit at the end of a month. Related Courses Accounting for Freight What is In Transit?

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Understanding Electronic Funds Transfer (EFT)?

Nanonets

Here are some of the most common: ACH (Automated Clearing House) Transfers Wire Transfers Credit Card/ Debit Card Transactions as EFT Mobile Payments Electronic Checks (eChecks) Point-of-Sale (POS) Payments Direct Deposits Recurring Payments EFT accounts can be checking or savings. Savings accounts earn interest on the money you deposit.

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Understanding Electronic Funds Transfer (EFT)?

Nanonets

Here are some of the most common: ACH (Automated Clearing House) Transfers Wire Transfers Credit Card/ Debit Card Transactions as EFT Mobile Payments Electronic Checks (eChecks) Point-of-Sale (POS) Payments Direct Deposits Recurring Payments EFT accounts can be checking or savings. Savings accounts earn interest on the money you deposit.

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Pros and cons of outsourcing payroll

Accounting Tools

Direct Deposit Most payroll suppliers have the capability to issue payments to employees by direct deposit. Companies that process their payroll in-house can also do this, but only through the services of a third party that handles direct deposit. Payroll suppliers usually offer this reporting service free of charge.

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