Assets in Accounting is all cash, accounts receivable, inventory, merchandise, property, equipment that is owned by a business and/or company.
According to investorwords.com the meaning of Assets in Accounting is...
Any item of economic value owned by an individual or corporation, especially that which could be converted to cash. Examples are cash, securities, accounts receivable, inventory, office equipment, real estate, a car, and other property.
Everything of value that an entity owns is considered an asset. Cash, supplies, vehicles, land, etc...
Current assets
Accounts receivables is a liquid asset
Accounts payable.
The group of accounts that is comprised of only assets are prepaid expenses. Money can be owed on such things as buildings and other equipment.
No it's current assets
Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable
Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable
Current assets
Accounts receivables is a liquid asset
Accounts receivable shown in balance sheet at assets side under current assets section.
Accounts payable.
Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable
The group of accounts that is comprised of only assets are prepaid expenses. Money can be owed on such things as buildings and other equipment.
No it's current assets
A garnish order is an order to confiscate part of a person's paycheck. Assets such as savings accounts, checking accounts, cars, and other assets can also be garnished.
Assets that can be converted to cash quickly. Short term treasuries, accounts receivable, inventories can all be considered quick assets.
Accruals are accounts on a balance sheet that represent liabilities and non-cash-based assets. These accounts include Accounts Payable, accounts receivable, goodwill and future tax liability.