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The Complete Idiot's Guide® To Accounting by Lita Epstein, Shellie L. Moore

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Counting Assets

The first category of accounts in the chart of accounts is your company’s assets. The two types of assets are current assets and long-term assets. Computer programs for accounting use a range of numbers between 1000 and 1999 for assets. Both the chart of accounts and the balance sheet start with your most liquid asset: cash. Here are the key cash accounts.
Cash in Checking (1000) This account is always the first account and is the primary operating account in which you deposit your revenue and pay expenses. Leave room after this account (and between all other accounts) in case you want to have more than one type of account within this grouping.
Cash in Savings (1010) This account is where you put money that is surplus cash ...

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