Classification according to paper in accounting

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Real or securities accounts

They represent assets, rights or obligations of the company, determining its assets. The active securities accounts represent the assets of the company and as such are shown in the assets.

Tangible assets

Intangible assets

Valuation accounts

They represent a decrease in the balance of the asset accounts to which they are valued and are used to reflect the realizable value of an asset or to show the book value or historical cost distribution. Some valuation or complementary asset accounts are:

Provision for bad debts

Accumulated depreciation

Accumulated amortization

Transitional accounts

These are used to reflect operations that due to contracts or contingencies, prevent us from charging or crediting the corresponding accounts that would reflect the commercial operation carried out. As its name indicates transitory, upon termination of the contract or the eventuality that motivated it, are canceled, are void of our accounting. Some are: Merchandise in transit, pending claims, difference in cash, etc.

Order Accounts

They are those that control operations that do not alter the nature of the assets, rights or obligations of an entity, the order of debtors are shown at the end of the asset and the creditors at the end of the liability and equity. Therefore they are part of the Balance Sheet but do not represent assets, liabilities or equity

Nominal or securities accounts

They are those that record increases in equity through income, decreases in costs or expenses, occurring in a given period.

Equity accounts

They show the amounts contributed by the companies and the gains or losses occurred by operations with the share capital or originated by the normal activities of the business, the accounts that are most frequently found in equity are as follows.