POPULAR GROUPINGS OF ASSETS AND LIABILITIES – SHORT TERM AND LONG TERM

LIST OF CURRENT ASSETS:
 Cash in hand
 Cash at bank
 Bills receivable or notes receivable
 Book debts or sundry debtors or receivables or accounts receivables
 Stock or raw material, work-in-progress or finished goods
 Marketable securities
 Advance payments ( prepaid expenses etc)
 Stores & spare parts
 Loose tools
 Preliminary expenses etc

LIST OF FIXED ASSETS
 Land & buildings
 Plant & machinery
 Furniture & fixtures
 Lease hold land
 Patents or trade marks
 Copy rights, formulas, license etc
 Good will

LIST OF CURRENT LIABILITIES
 Trade creditors or accounts payable
 Bills payable or notes payable
 Outstanding accruals or expenses
 Short term loans
 Bank overdraft
 Provision for taxes/ contingencies/ insurance etc
 Unclaimed dividends
 Advance payments & un expired discounts etc

LIST OF LONG TERM LIABILITIES
 Loan on mortgage
 Debentures or bonds
 Bank loan
 Loans from financial institutes etc


CAPITAL
 Preference share capital
 Equity share capital

RESERVES & SURPLUSES
 Capital reserves
 Capital redemption reserve
 Share premium account
 Proposed additions to reserves
 P & L account balance etc.