Accounting: assets
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Cash
#1 asset
Allowance for uncollectible accounts
Asset used to estimate how much is expected not to get back
Merchandise inventory
How much merchandise you have in stock
Asset accounts begin with
Number one
Prepaid insurance
Pay before you use it
Accounts receivable
Person who owes company money
Petty cash
Small amount of cash on hand for small expenses
Supplies
Something that will need to be replaced
Asset
Something you own or things of value
