Assets

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ACC 210 NC State
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cash Currency held on the premises of a business organization or at a bank that are owned by the business organization.
accounts receivable Currency owed to a business organization from its customers.
notes receivable Currency owed to a business organization from its customers that are acknowledged with a signed written contract.
inventory Products held by the business organization that are planned to be sold to customers.
prepaid assets (or expenses) Currency paid in advance by a business organization for a service such as property insurance or a building lease.
investments Real estate, stocks and bonds held for investment purposes.
Property, Plant and Equipment Land, buildings and equipment used by the business organization.
Intangible assets Items that do not have a physical existence that provide a business organization competitive advantage such as loyal customers, copyrights, patents, trademarks, etc.
Goodwill An intangible asset that is obtained through acquiring another entity that provides a competitive advantage, in the market place such as a brand recognition, quality reputation, high employee morale, etc.
supplies Products used by the business entity and not sold to customers.
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