Banking Exam Question - What are the NRB Provision of Topics to be Included in Balance Sheet Assets Side? Explain

Introduction - Balance Sheet (Assets Side)

An accounting report involves resources, liabilities, and proprietors' or investors' value. Resources and liabilities are isolated into short-and long haul commitments including money records, for example, checking, currency market, or government securities. At any given time, resources must equivalent liabilities in addition to proprietors' value. 

A few cases of benefits which are evident and will be accounted for on an organization's monetary record include: money, debt claims, stock, ventures, land, structures, and gear. Furthermore, an organization's accounting report will likewise report prepaid costs as a benefit.

What are the list of assets in accounting?

Descriptions of asset accounts

• Cash. Cash includes currency, coins, checking account balances, petty cash funds, and customers' checks that have not yet been deposited
• Short-term Investments
• Accounts Receivable
• Allowance for Doubtful Accounts
• Prepaid Expenses
• Inventory
• Supplies