This is the accounting form used in an accounting of a law firm on the complaint of a former partner. It includes assets, liabilities, total liabilities, net assets, and a computation of the former partner's share.
Louisiana Form of Accounting Index
Category:
State:
Multi-State
Control #:
US-L0107E
Format:
Word;
PDF;
Rich Text
Instant download
Description
How to fill out Louisiana Form Of Accounting Index?
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FAQ
Here are five types of accounts in accounting with information and an example for each of them:Assets. Asset accounts usually include the tangible and intangible items your company owns.Expenses.Income.Liabilities.Equity.
OSRAP establishes and maintains accounting policies and procedures in compliance with state and federal laws, as well as, ensuring compliance with generally accepted accounting policies, pronouncements of the Governmental Accounting Standards Boards, and other accounting standards setting boards.
Those five types of financial statements include the income statement, statement of financial position, statement of change in equity, cash flow statement, and the Noted (disclosure) to financial statements.
5 Types of accountsAssets.Expenses.Liabilities.Equity.Revenue (or income)
3 Different types of accounts in accounting are Real, Personal and Nominal Account.
There are five major account types: assets, liabilities, equity, revenue, and expenses.
General Ledger General Ledger is divided into two types Nominal Ledger and Private Ledger. Nominal ledger gives information on expenses, income, depreciation, insurance, etc. And Private ledger gives private information like salaries, wages, capitals, etc.
General ledger accounts are divided into five types of categories. The types include assets, liabilities, income, expense and capital.
Types of accountsAsset accounts are used to recognize assets.Liability accounts are used to recognize liabilities.Equity accounts are used to recognize ownership equity.Revenue accounts are used to recognize revenue.Expense accounts are used to recognize expenses.Gain accounts are used to recognize gains.More items...
The categories are:Assets. Assets are any resources that are owned by the business and produce value.Liabilities. Liabilities are current or future financial debts the business has to pay.Equity.Revenue.Expenses.Assets = Liabilities + Equity.
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