National accounts have varied components. These range from income to liabilities.
There are six major components involved or included:
• Product accounts/national income – aggregated through varied account types
• Production accounts – recorded information for the GDP, production income and goods/services production expenses
• Income accounts – recorded transactions, fixed capital consumption, consumption expenses and net savings
• Capital accounts – recorded net accumulations from lending, borrowing, capital transfers, financing, assets and transactions
• Financial accounts – recorded liabilities net incurrence and financial asset acquisitions
• Balance sheets – recorded net worth, liabilities (non-financial/financial) and stocks
National accounts are used for large corporations and governments. They are applied to the economy or company expenditures/assets.