Assets Accounts List is a type of financial record which outlines an organization’s assets, liabilities, and equity in the form of balance sheet accounts. Assets are items owned by the company, such as cash, securities, inventory, buildings, equipment and accounts receivable; while liabilities are amounts owed to other companies or individuals, like loans and mortgages. Equity represents the owners’ stake in the business. By creating an accurate list of asset accounts, organizations can gain insight into their current financial standing and make informed decisions about how to use capital effectively.