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Balance Sheet
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∙ 12y ago
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Who owns the assets of a company?
the company
What are the basic elements of accounting and their meaning?
The basic elements of accounting are assets liabilities and capital and they all have meaning. Assets are the resources that a company owns and utilizes for the business. Liabilities are simply obligations or debts that the company owes. Capital on the other hand is the money that is invested in the business in order to generate revenue.
What is difference between nominal and real account?
Nominal Accounts are income statement accounts and include revenue, gain, expense & loss accounts. The balances of these accounts are closed as a rule to a summary account at the end of each fiscal year to determine the net income for the period and are included in retained earnings. The numbers in the nominal accounts will portray the performance or results of operations of a company for a particular period. Real Accounts are balance sheet accounts, which include assets and liabilities. The numbers in these accounts disclose the company's financial position: everything the company owns and owes.
What is a asset based trucking company?
It is a company which owns its own trucks.
What is the difference between balance sheet and financial statement if there is any........?
Balance Sheet: Balance sheet is the financial picture of an organization on a given day. while financial statement is a broader term and it can be for a very long time. financial statment is a formal record of business financial activities. it can be a day. month a year or so on. while balance sheet is just a part of a financial statement. in short balance sheet is also a finanaical statement. but finanacial statement can not be balance sheet..
Who owns tripadvisor.com?
A Company called Expedia owns tripadvisor.com
Give 3 basic financial statements and define each?
Balance Sheet - Gives a snapshot of what a company owns and owes Income Statement - Shows how and from where a company has earned money (or assets in general) over a given time period Cash Flow - Shows the flow of cash (both in and out) over a given time period
What is it called when a company is listed on the stock market?
Its called going public. A company declaring shares to the public and getting itself listed in an exchange means the company is a public limited company and everyone who owns a share of that company owns a portion of that company.
What is a person who owns shares in a company called?
A person owning shares in a company is a shareholder.
Who owns match magazine?
Its owned by a company called: BAUER
Who owns the website how life works?
a company called Adfusion
Is there a company called Alchemy International?
YES MY DAD OWNS IT
Who owns Mercedes-Benz?
A company called Daimler AG.
Who owns Guinness?
It is now owned by a company called Diageo.
What company owns the brand 'Hillshire Farm'?
The company that owns the brand Hillshire Farm is called Sara Lee. Sara Lee owns many different food company names. Hillshire Farm is one of the meat brands.
Who owns the frye company?
The Frye Company is owned by a Hong Kong based company called Li & Fung.
Who manages a limited liability company?
A Limited Liability Company, also called an LLC, is usually managed by the person who owns it or one of the people who owns. LLCS can also be managed by a person who is not an owner but was appointed by the owner, owners or company that owns it.
