5 Questions
¿Cuál es el balance normal de las cuentas de activo?
Débito
¿Qué sucede cuando se acredita una cuenta de ingresos?
Aumenta
¿Cuál de las siguientes no es un ejemplo de cuenta de activo?
Ventas
¿Qué sucede cuando se debita una cuenta de activo?
Aumenta
¿Cuál es el propósito principal de los grupos de cuentas?
Clasificar y organizar transacciones financieras
Study Notes
Account Groups
Account groups are categories of accounts that are used to classify and organize financial transactions in a company's general ledger.
Asset Accounts
- Asset accounts represent the resources owned or controlled by a business
- Examples of asset accounts:
- Cash
- Accounts receivable
- Inventory
- Property, plant, and equipment
- Investments
- Asset accounts are increased by debits and decreased by credits
- Normal balance of asset accounts is a debit balance
Revenue Accounts
- Revenue accounts represent the income earned by a business from its normal operations
- Examples of revenue accounts:
- Sales
- Service revenue
- Interest revenue
- Rent revenue
- Dividend revenue
- Revenue accounts are increased by credits and decreased by debits
- Normal balance of revenue accounts is a credit balance
Learn about the different types of account groups, including asset and revenue accounts, and how they are used to classify and organize financial transactions in a company's general ledger.
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