Define the term Assets
Define the term Assets in Accounting?
Expert
Assets: Resources of business are termed as assets. Anything that is purchased by industry or company for the aim of employing in business will be assets. Whenever we make financial statements of company, it is displayed in balance sheet. We illustrate all assets with their book value in balance sheet. Assets are classified into current assets and fixed assets. Depreciation is deducted only from the fixed assets. Assets can as well be classified on the basis of their physical presence. All assets that can be touched will be tangible assets and all assets that can’t be touched and we can just take their advantages in market place, all such assets will be intangible assets.
Identify and explain the styles of love. Describe each of these styles and give an example of each.
Owned by an entity, something that provides benefits and whose cost can be measured. The measure of the value of assets in dollar appears on the
Write down the merits of standard costing?
Distinguish between the parallel loan and the back-to-back loan.
Explain the term Insolvent in brief associating to debt?
Write down the different brooks of accounting?
State the characteristics of the Floating-rate notes (FRNs) bond market instrument.
The following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
Give me answer of this question. The prime interest rate usually: A) rises when the Federal funds rate rises. B) rises when the discount rate falls. C) falls when the Federal funds rate rises. D) falls when the Fed sells bonds in the open market
Illustrate the difference between Accounts and Bills payable, Accounts and Bills receivable?
18,76,764
1940799 Asked
3,689
Active Tutors
1455779
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!