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Assets In accounting, term are used to describe things.The amount of the resources supplied by the owner is called capital.The actual resources in the.

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Presentation on theme: "Assets In accounting, term are used to describe things.The amount of the resources supplied by the owner is called capital.The actual resources in the."— Presentation transcript:

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2 Assets In accounting, term are used to describe things.The amount of the resources supplied by the owner is called capital.The actual resources in the business are called assets.This means that when the owner has supplied all of the resources,the accounting equation can be shown as: Assets=Capital

3 Usually,someone other than the owner has supplied some of the assets.Liabilities is the name given to the amount owing to these people for these assets. The equation has now changed to: Assets=Capital+Liabilities

4 Fixed Assets What are Fixed Assets? Examples are Land, Buildings, Furniture, Fixtures and Fittings, Office Equipment, Motor Vehicles, and Machinery.

5 Current Assets What are Current Assets? Examples are Stock, Debtors, Bank, Cash, Accrued Income, Prepayments, and Petty Cash.

6 Question 1 Which is an example of Fixed Assets? Cash Machinery

7 Question 2 Assets=? Capital –Liabilities Capital+Liabilities

8 Question 3 Which is not an example of assets? Debtors Creditors Stock of goods

9 Question4 Which is an example of Current Assets? Stock Furniture

10 Yeah….you are right!! Return to question 2

11 Yeah….you are right!! Return to question 3

12 Yeah….you are right!! Return to question 4

13 Yeah….you are right!! finish

14 O….. Sorry,you are wrong!! Return to question 2

15 O….. Sorry,you are wrong!! Return to question 3

16 O….. Sorry,you are wrong!! Return to the question4

17 O….. Sorry,you are wrong!! finish

18 ~END~

19 組員名單 : 黃敏慧 曹敏婷 陳可怡 鍾凱琪 羅沛雯


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