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if loans given for short term period then current assets but if given for long term then non-current assets.
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Are investments current assets or other assets?
If investments are for short term then these are current assets but if these are for long term then non-current assets.
Are investments current assets?
If investments made for short term securities then it is current assets other wise non-current assets.
What are the Examples of fixed assets?
Fixed assets are long-term, tangible resources, such as property and equipment that are used in a company's operations. These assets are classified as long-term and tangible because they are not intended for resale and are hold value.
Indicate how accounting equation is affected if machinery is purchased on cash?
A journal of that type of transactions would be: Debit Machinery Fixed Assets Credit Cash So it would decrease Current Assets and increase Long-Term Assets
Difference between net worth and working capital?
Working Capital is the difference between Current Assets and Current Liabilities.Net Worth is Total Assets -Total Liabilities current asset-current Liability=Working Capital working Capital Plus+Fixed Asset-LongTerm Liabilities = Net Worth in another word: (Current Asset+Fixed Asset)-(current Liability+Long Term Liability)= Net Worth Now you got it ?
What is the shareholders equity if it has current assets of 2230 net fixed assets of 9900 current liabilities of 1380 and long-term debt of 4040?
Basic Accounting Equation: Assets = Liabilities + Owner's Equity Assets = Current Assets + Fixed Assets Liabilities = Current Liabilities + Long-term liabilities So Assets = Liabilities + Owner's Equity then current assets + fixed assets = current liabilities + long-term liabilities + owner's equity 2230 + 9900 = 1380 + 4040 + owner's equity 2230+9900 - 1380 - 4040 = owner's equity 6710 = owner's equity
What is the difference between current assets vs total assets?
Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets
Explain - fixed assets?
fixed assets are long term assets which have long term period
Difference between inventory and fixed assets?
fixed assets are long term assets which used by business for revenue generation while inventory is current asset used for one fiscal year.
What is fixed and working capital?
Fixed capital is something that is need for long term ...working capital is the capital or funds for managing and carrying out day to day operations. Apart from this a important point to note is that usually fixed assets or long term assets of the company are bought from fixed capital. Buying short term current assets from funds for long term would be illogical.
Are investments current assets or other assets?
If investments are for short term then these are current assets but if these are for long term then non-current assets.
What does the assets section of a classified balance sheet usually include?
Classified balance sheets generally subdivide its major categories into short-term and long-term parts. In a classified balance sheet, the assets section usually includes:Current Assets (or Short-Term Assets)Fixed Assets (or Long-Term Assets)Sometimes, additional sections may be included:Intangible Assets (may be included under current/fixed depending on the nature of the intangibles)"Other" Assets (any other assets that do not fall under the above, such as contingent assets)
What is the format of a balance sheet?
The format of the Balance Sheet is Assets = Liabilities + Equity * Current Assets * Fixed Assets * -------------------- * Total Assets * Current Liabilities * Long Term Liabilities * -------------------------- * Total Liabilities * Equity * Net Income * ---------------------------- * Total Equity * -------------------------- * Total Liabilities and Equity
What are the methods of financing?
Equity FinancingPersonal Investment from Self, Friends, and RelativesPartner InvestmentShareholder InvestmentEmployee InvestmentVenture CapitalDebt FinancingBusiness Term Loans (Financing Fixed Assets)
Is long term investment is fixed assets?
Long term investment is non-current asset but if there is maturity in different dates then that portion which is going to mature in current fiscal year then it is current asset and remaining portion is non-current.
Can An intangible asset be reported on a balance sheet?
All assets whether tangible or intangible are reported on balance sheet as current assets or long term or fixed assets like goodwill, patent etc.
Where to find security deposits on the balance sheet?
They are listed as a Non-Current or Long-Term Asset, often below Fixed Assets listed as Other. Why under Fixed Assets? Because Assets are listed in order of liquidity and a security deposit is usually not very liquid.
