金融会计英语讲解.pptxVIP

金融会计英语 史丽 loyallily@163.com Basic elements of accounting （1）Assets: Items of value owned by the business. For instance, cash, inventory, buildings, equipment, receivables, securities, intangibles, such as goodwill. （2） Liabilities：Debts the business owes to creditors and creditor’s claims on the assets, such as notes payable, accounts payable, bonds payable. Liabilities may also include certain deferred items, such as income taxes to be allocated and payments due on loans of mortgages that is what the organization owes. （3） Capital: The interest of the owners in an enterprise. Also known as