What accounts the assts division should contain?

2 main typrs of assets : A- Current Assets B- nonCurrent Assets

Current assets include Cash and any other items which can convert to cash within one year , Examples of Current assets are Cash , Acc. Rec. , Inventory , Prepaid Expenses

NonCurrent Assets : items can't be easily Converted into Cash & will use for extended period of time

B-NonCurrent Assets include 1-Fixed Assets " Tangible Assets " : Land, building , office furniture , vehicle ...

2- Intangible Assets : GoodWill , Patent , Trademark...

3- Long Term Investment : Bonds, Security & notes