Assets Column in Bookkeeping

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Assets Column in Bookkeeping

 

one of the two sides of a bookkeeping balance sheet, in which the assets of a business (its property) are grouped according to their function in the production process. Assets of the A section of the balance sheets for basic operations of production enterprises show the fixed capital and other noncirculating investments. The assets of the B section show working capital for which standard rates are laid down, such as production inventories, work in progress, and finished products. Assets in the C section are unstandardized working capital, such as money, goods dispatched to customers but not paid for, and accounts receivable. Assets of the D section show capital investments if there is no separate capital investment balance sheet. Assets of the E section show expenditures on forming the prime herd (in agricultural enterprises).

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.