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    kaoma's Avatar
    kaoma Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jun 12, 2010, 02:01 AM
    Give examples of an asset account
    Give examples of an asset account
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
    Uber Member
    		  
    #2

    Jun 12, 2010, 02:04 AM
    Hi, kaoma!

    Have you tried the following search, please?

    Asset Account, Definition - Google Search

    Thanks!
    kaoma's Avatar
    kaoma Posts: 2, Reputation: 1
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    #3

    Jun 12, 2010, 02:08 AM
    Give examples of an asset account
    Which of the following is not an asset account?
    Checking account
    Purchases
    Accumulated deppreciation
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #4

    Jun 12, 2010, 06:54 AM

    What is an Asset? Cash is an asset, and Accumulated depreciation is a Contra asset. Purchases is an income statement account.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #5

    Jun 12, 2010, 06:55 AM

    An asset is something that you own or have the rights to like Cash, Accounts Receivable, and Patents.
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