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What are balance sheet accounts considered to be?

Balance sheet accounts are one of two types of general ledger accounts . (Income statement accounts make up the other type.) Balance sheet accounts are used to sort and store transactions involving assets, liabilities, and owner's or stockholders' equity.

What are the different balance sheet accounts?

Balance sheet accounts are those which are related to assets, liabilities and capital. In other words all accounts which are related to balance sheet are balance sheet accounts, whereas other type of accounts i.e. income statement or otherwise called P&L (profit and loss) accounts are accounts related to expense and revenue items.

What are accounts found in a balance sheet?

Your balance sheet accounts include: Cash. This is the cash you receive during regular transactions at your business. ... Deposits. As a small business, you may have placed security deposits before. ... Intangible assets. These are nonphysical assets. ... Short-term investments. ... Accounts receivable. ... Prepaid expenses. ... Long-term investments. ... Accounts payable. ... Accrued expenses. ... Credit card. ... More items...


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