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Form of Accounting Index

Louisiana Form of Accounting Index

Name: Louisiana Form of Accounting Index
Brand: US Legal Forms
Rating: 4.8 (274 reviews)

Category:

Partnerships - Dissolution

State:

Multi-State

Control #:

US-L0107E

Format:

Instant download

Description

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.

How to fill out Louisiana Form Of Accounting Index?

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FAQ

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.

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...

General ledger accounts are divided into five types of categories. The types include assets, liabilities, income, expense and capital.

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.

There are five major account types: assets, liabilities, equity, revenue, and expenses.

3 Different types of accounts in accounting are Real, Personal and Nominal Account.

5 Types of accountsAssets.Expenses.Liabilities.Equity.Revenue (or income)

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.

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.

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.

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Louisiana Form of Accounting Index

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