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Trade debtors are persons or organizations who allows others to buy items or goods with credit and to receive payment for such goods at a later date, and tangible assets include both fixed assets and current assets. The items or goods are the assets, not the trade debtors.
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∙ 9y ago
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What is the difference between tangible assets and intangible assets?
We can feel tangible asset,where as we cannot feel intangible asset
What is the difference between a tangible and intangible asset?
Tangible Assets: These are those assets which have physical existence and which can be seen by naked eyes or has feeling. Intangible Assets: These are reverse from tangible assets as these have no physical existence and nobody can see them with eyes.
What are Trade Creditors?
Trade Debtors or Sundary debtors or accounts receivable is the person(s) to whom you sold goods on credit and agreed to receive payment in future.
What is Net tangible assets how it is calculated?
Net tangible assets are calculated as the total assets of a company minus any intangible assets. Intangible assets are goodwill, patents and trademarks.
Types of tangible assets?
Tangible assets are assets that have a physical presence. Examples might be a desk, a computer or a building. This is in contrast to intangible assets that cannot be held in your hand, like accounts receivable, a copyright, trademark, patent, trade secret, or product designs. Sometimes there can be a tangible embodiment of an intangible asset, such as a trademark registration certificate or a promissory note, but the underlying asset is still intangible.
What is the difference between trade debtors and sundry debtors?
The difference between trade debtors and sundry debtors is trade debtors are specific debts like credit cards. Sundry debtors are a wide variety of debtors that can be from any source.
How do you classify tangible assets?
Tangible assets normally are long term capital assets, but could be short term. Some long term tangible assets can be depreciated while others can not. For example a building or piece of equipment is a tangible long term asset that can be depreciated for financial and tax purposes. Land is also a tangible asset, but can not be depreciated.
What is disposal of tangible assets in accountancy?
In accountancy, to dispose of assets means to sell or otherwise get rid of property. Tangible assets are assets you can see and touch, such as houses, cars, and land.
In what circumstances would a non trade debtors account be used?
the only answer i have for this question is:- If you sell items to Debtors, but then rent out part of your premises to another party, that Rental income would go into a non trade debtors account. Another big one for this would be for sale of fixed assets - i.e. plant & equipment.
3 factors that cause loss in value of tangible assets?
Which two factors cause the loss in value of tangible assets
Banks Tangible and intangible resources?
Tangible assets for a bank include all assets after making deductions for goodwill and intangible resources. Intangible assets have no physical properties.
Which tangible fixed assets would not normally be depreciated?
Tangible fixed assets with an infinite life such as land do not need to be depreciated.
