ASSET ACCOUNTS

BOX:
This is called all the cash that is found in the company such as: coins, bills, and checks in favor of the
company.
2. Petty Cash:
Available funds to pay minor expenses of Q.1000.00 such as water, trash, etc.
3. Banks:
Money that is deposited in any bank of the system where monetary savings deposits are found.
4. Foreign Currency Box:
Money held from other countries such as the dollar, euro, etc.…
5. Clients:
Individuals, entities, or companies that owe the business for goods.
Debtors:
Individuals, companies, or entities that are granted loans.
7. VAT:
Tax paid on the purchase of a good or service is 12%
8. Utensils and Equipment:
Objects that the company has for its use such as buckets, brooms, mops, scissors, etc.
9. Documents receivable:
They are promissory notes and bills of exchange signed in favor of the merchant or company that are about to be collected.
10. Packing Material:
These are materials for packing sales items like bags, wrapping paper, sacks, cellophane, etc.
11. Investments in Securities:
Bonds, shares that one company makes in another company or trader.
12. Office Supplies:
They are tools that are constantly used in the office such as stationery and supplies, bond paper, machine tape,
pencils, pens, correction fluid, carbon paper, ink, notebooks, staplers, hole punches, staplers, etc.
13. Tax Species:
Tax stamps, postal stamps that the company possesses.
14. Goods:
They are the items available for sale from a company or business.
15. Furniture and Equipment:
They are the furniture that is used as files, desks, shelves, display cases, calculators, machines.
write, etc.
Vehicles:
It is all means of transportation that the company uses such as trucks, pick-ups, bicycles, motorcycles, etc.
17. Computer Equipment:
It is all the computing equipment that exists in the company such as computers, printers, scanners, speakers, headphones.
etc.
18. Machinery:
They are all the machines used for production.
19. Glassware:
They are used for business purposes, mugs, glasses, plates, cups, etc.
20. Land:
Land extensions where construction or cultivation can be done such as: houses, ranches, etc.
21. Buildings:
Buildings constructed on the land, houses of one or more levels.
22. Real estate:
It consists of land and buildings.
23. Tools:
Hammers, screwdrivers, repair tool sets, pliers, etc.
24. Prepaid Rentals:
Advance payment or disbursement of money for the use of the premises where the business, warehouse or office is located.
25. Paid Commissions in Advance:
Payment or disbursement for a service that is desired to be obtained on future sales.
26. Employee Debtors:
They are classified as employees of the companies that have been granted loans of any kind.
27. Foreign Banks:
They are referred to as banks that are located outside the national territory and in which there is certain
amount of money deposited.
28. Short-term Receivables:
They are all promissory notes, bills of exchange, signed in favor of the merchant for the concept of rents and that they have made to
credit and in exchange they gave us documents.
It is called this when the VAT on purchases is greater than that on sales, and therefore the difference is deducted from the
moment in the following month in case the sales VAT is higher.
33. Articles In Process:
It is called that for goods that are not yet finished, meaning that they are still in process of
production.
34. Finished Articles:
These are all the goods that have just come out of the production department, therefore they are destined for
sales or marketing department.
35. Goods 2 or Final Goods:
It is the amount of remaining merchandise during the period due to effective sales to the business, they also receive the
final inventory name of merchandise.
36. Raw Material:
They are called all the materials that will be allocated to the production department for the elaboration of
merchandise.
37. Correspondents:
They are the people or companies that represent us abroad, however they operate in the same way as ours.
company.
38. Supplies:
Group the rights of different services acquired such as: water, electricity, and telephone.
39. Furniture and Equipment Sales:
They are furniture specially used in the Sales Room.
40. Furniture and Equipment Administration:
Group all the furniture used in the administrative department.
41. Computer Equipment sales:
Group the computing equipment used in the sales room.
42. Computing Administration Team:
They are useful in the administrative area such as computers, scanners, printers, USBs, speakers.
43. Spare Parts and Accessories:
Spare parts and accessories are available in this group for any malfunction that a machine may have.
vehicle.
44. Fats and Oils:
It is when we have larger amounts of fats and oils to maintain the machinery or vehicles that
we possess.
45. Porcelain:
Items such as plates, cups, and other porcelain articles are grouped together.
46. Patents:
This name refers to the rights of the company to operate with certain products without another
the company does it.
Raw Material in Customs:
Merchandise that has been imported but is still in customs to pay the tariff in order to be allowed entry into the country.
48. Containers:
Group all reusable and disposable containers used to package or contain the product for later.
sell it.
49. Dividends receivable:
They are payments pending to be received from the partner or owner of any commercial or individual business.
Acquired Currencies:
It is called the money in foreign currency acquired by the company for various profit-making purposes.
51. Advance on Purchases:
Understand the money we advance to our suppliers for the purchase of goods or raw materials.
52. Right of key:
Right to trade or make use of the company and its tools including the furniture.
53. Organizational Expenses:
Called so are the expenses incurred in the organization prior to the constitution of the company, whether commercial or
individual.
110. Suppliers:
We give this name to companies, individuals, or businesses that owe another institution for merchandise.
111. Creditors:
They are people or institutions. Those who owe to another, but not for the concept of merchandise.
112. Foreign Suppliers:
They are people or institutions to whom we owe for merchandise, it's just that they are not present in the
national territory.
113. Documents Payable:
They are letters of exchange signed in favor of other companies to which we owe for some goods purchased.
114. Short-Term Payables:
It refers to promissory notes or bills of exchange signed in favor of another company, with a term not exceeding 12 months.
VAT Payable
Tax that must be declared for sales or services provided by the company.
116. Long-term Notes Payable.
They are promissory notes, bills of exchange in favor of another company, which must be paid with a longer term.
of 12 months.
117. IVADebit:
Tax that must be paid to tax authorities whether monthly, quarterly, semi-annually, or annually.
118. Tax Debit:
It is when the VAT on sales or services provided is higher than that on purchases.
119. Mortgage Loans:
It is similar to a bank loan, with the difference that land is provided as collateral in exchange.
property deeds.
120. Mortgage Creditors:
It is the same as a mortgage loan, we receive the loan and offer the deeds of a piece of land.
121. Bank Loans:
Money that we receive from a bank with the purpose of the bank paying a certain interest rate on the borrowed capital.
122. Rent Collected in Advance:
It is when the merchant provides the service of renting a property and charges in advance.
123. Commissions Collected in Advance:
Money that is charged in advance for services that will be provided later.
124. Accumulated Depreciation Furniture and Equipment Sales.
Percentage calculated for the use, wear or deterioration of the sales department on all its furniture and equipment
like chairs, tables, desks, etc.
125. Accumulated Depreciation Furniture and Administration Equipment:
Percentage calculated for all the furniture in the administration department due to their use and deterioration they undergo.
the furniture.
126. Accumulated Depreciation Furniture and Factory Equipment:
Percentage calculated on all the furniture in the production department as it suffers wear and tear every year.
physical, and are furniture or equipment used for production.
127. Accumulated Depreciation Vehicles:
Percentage calculated on vehicles, as they undergo physical wear during the accounting period.
128. Accumulated Depreciation Vehicles for Sales:
Percentage calculated for the sales department vehicles based on their usage and wear during the period.
accounting
129. Accumulated Depreciation Administration Vehicles:
Percentage calculated for the use of vehicles that are suffering deterioration in the administrative department
in the accounting period.
130. Accumulated Depreciation Vehicles Factory;
Depreciation calculated on the factory vehicles due to use and wear during the accounting period.
131. Accumulated Depreciation Buildings:
Percentage calculated for buildings based on their depreciation and physical wear at the end of the accounting period.
132. Bono 14 to be Paid:
It is the annual bonus that is pending payment.
133. Accumulated Depreciation of Real Estate:
Depreciation that real estate suffers due to its use, calculated as a percentage at the end of the accounting period.
134. Accumulated Depreciation Computer Equipment:
Depreciation suffered by the computer equipment due to wear and a percentage is calculated at the end of the period
accountable.
135. Accumulated Depreciation Computer Equipment Sales:
Depreciation suffered by the computer equipment due to its use and wear in the sales department is accounted for.
percentage each year at the end of the accounting period.
136. Accumulated Depreciation Computer Equipment Administration;
They are contracts that have real estate as collateral. Real estate is understood to mean the land and buildings.
they are permanent, durable, and not quickly consumable goods.
140. Rent Payable:
This account represents the obligation that the company has to pay the invoices for the rental of premises, equipment, and others.
at the time they expire.
141. Rentals collected in advance:
They are the amount of one or more monthly, semiannual, or annual rents that have not yet expired and are being collected.
in advance.
142. Equipment Rentals:
It is due to the use that the Company makes of any machinery or equipment with a high unit cost owned by third parties,
for a specified period of time and in accordance with an existing agreement.
143. Accumulated Depreciation Installations:
Understand the distribution of the cost of expenses for installations for which the concept of is not applicable.
accumulated depreciation applicable to company property items.
144. Accumulated Amortization Improvements on Leased Properties.
Distribution of the cost of the improvements made to the premises which will remain to the benefit of the owner.
145. Amortization of Organization Expenses:
It is the account where the portion related to prepaid expenses is charged for the effects that the
organization, this account periodically discounts the previous account.
146. Anticipation to Clients:
Customers provide an advance payment for future purchases to secure upcoming shipments of goods.
147. Salaries and Wages Payable:
It is the account where the debts incurred by the company with its workers are recorded and must be settled in a
stipulated time period.
148. Obligations Payable:
This account includes the contractual instruments by which the payment of a certain sum of money is promised in a
defined or determined future period, the obligations are generally secured by liens on an asset
actual or future.
149. Accounts Payable:
Group the payments of IGSS for employees and employers, IRTRA, INTECAP, and it is 17.5% calculated on salaries.
150. Taxes Payable:
It is about the group of taxes distributed to any area of a company but is still pending payment.
151. ISR payable:
Tax that deals with profits obtained at the end of each fiscal year but is not yet due for payment.

152. IUSI to Pay:

This tax is paid for the housing and is allocated proportionally to all departments of a company.
according to the area it occupies.
153. Withheld ISR:
Withholding tax for individuals as indicated on their invoice to apply at a rate of 5%
154. Unaccrued Interest Earned:
Interests that have already been provided for their income, but have not yet been received for their use.
155. Dividends Payable:
Pending utility distribution among the partners forming a for-profit company.
156. Discounted Documents:
Documents presented at a bank for the subsequent collection of the customer portfolio or accounts receivable.
Donations Payable:
They are the donations already provided for their subsequent payment, but for a certain reason, they have not been canceled.
158. Short-Term Payables:
They are the documents that suffer a certain capital gain or a currency gain.
Advance Charges Interest:
They are the products generated by effective service accounts or any effectiveness that the same gains.
160. Reserve for Indemnification:
Percentage calculated on the salary of 8.33%
161. Undistributed Earnings:
Undistributed profits among the shareholders of the company.
162. Legal Reserves:
Percentage calculated for eventuality of earnings at the end of the accounting period.
163. Pledge Creditors:
It represents a debt where the collateral is a movable asset.
164. Customer Advance:
Represents the collection of a debt in a current account before the due date