What Accounts are

Contained in Accounting
and Its Use

By Nor Azizah
 Account for accounting media
transactions to record financial
transactions that result in changes in
assets, liabilities, capital, income and
expenses
01. Asset Account 04. Income Account
02. Liabilities Accounts
05. Expense Account

03. Capital Account

01 Assets are assets that exist and are used in company activities. Assets can
generally be valued in terms of currency, however, they can be tangible or
intangible. Assets themselves can be grouped into five types, namely
 Current assets : cash, notes, accounts receivable, inventory,
equipment, dividends, prepaid expenses, securities, accrued
income, and prives.
 Fixed assets : office equipment, transportation equipment,
machinery, land and buildings.
 Intangible assets : patents, copyrights, trademarks, and good
company names.
 Long-term investment assets : marketable securities, shares, and
resignations
 Other assets : the existence of other assets is a building that is still
under construction.
02 Liabilities an obligation borne by a company to be paid to another
party. Liabilities can be divided into three types based on the
maturity date, namely
 Current liabilities : accounts payable, bank
payable, salaries payable, tax payable,
expense payable, notes payable, deffered
rent, and defferes revenue.
 Long term payable : mortgage payable and
bond payable.
 Other payable : company's payable to the
board of directors.
03 Capital is the net assets owned by the company which
is the difference between assets and liabilities. Capital
can come from owners, investments, stocks, bonds,
and the like
 Withdrawls/drawing, income
summary, retairned earning,
current year earning, and historical
balancing
04 Revenue is all the company's profit receipts
during one accounting period. This income
can be obtained due to the delivery of a
product or service to a customer. Income it self
can be grouped into two types, namely

● Operating income : the profit from

selling a product.
● Income outside the business : non-
business income are bank interest and
rental income.
05 Expenses are all costs incurred by the company for the
company's operations so that it can continue to operate
and earn income. Expenses can be classified into two
types, namely

● Expenses in operation are also known as operating

expenses : salary expenses, electricity expenses,
equipment expenses, water loads, and telephone
payments.
● Expenses outside of business can also be referred to as
non-operating expenses : interest expenses and bank
administration expenses.
Thank You