asset account in a sentence

Examples

1. The cash and inventory accounts are asset accounts; the revenue and expense accounts will close at the end of the accounting period to affect equity.
2. Ballow controlled Recreational Park and Wilton Asset accounts, so the sales did not involve a change in the beneficial ownership of the stock, the SEC says.
3. The portion of the account receivable that is estimated to be not collectible is set aside in a contra-asset account called "'Allowance for doubtful accounts " '.
4. Contra accounts are used in bookkeeping to record asset and liability valuation changes . " Accumulated depreciation " is a contra-asset account used to record asset depreciation.
5. Fidelity dominates the mutual fund field; its $ 400 billion in assets account for 13 percent of the $ 3 trillion Americans have invested in mutual funds.
6. Depending on the degree of detail you receive on your 401 ( k ) statement, you'll need to create either a tax-deferred investment account or an asset account.
7. Its assets account for 9.49 per cent of the Kuala Lumpur Stock Exchange market capitalisation and 14 per cent of the total fund management industry sized at RM234 billion.
8. In that case an asset account is debited, and the partner's capital account is credited for the difference between the market value of the asset invested and liabilities assumed.
9. Asset growth was manifested by the simultaneous expansion in cash assets by P69.7 billion, loan portfolio by P61 billion, investments by P20.3 billion and other asset accounts by P48.2 billion.
10. Its assets account for 9 . 49 per cent of the Kuala Lumpur Stock Exchange market capitalisation and 14 per cent of the total fund management industry sized at RM234 billion.