Account title

3. short-term investment thag are readily convertible to known amount of cash
6. includes debt arising from purchase of an asset or acquisition of services account of services account evidenced by a promisorry note
9. represent obligations of the business arising from the advance payments received before goods or services are provided it the customer
10. represent the unsold goods at the end of the accounting period

1. include supplies bought for use in the business for services and benefits to be received by the business in the future paid in advance
2. obligation to pay utility companies services received from them
4. include coins, currencies, check band deposits and other cash items.
5. ability to pay the bank or other financing institution arising from funds borrowed by the business
7. includes debt arising from purchase of an asset or acquisition of service and account
8. income that already earned but not yet paid