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Assets under administration is when a bank or other firm maintains and accounts for the funds of a client. The client is in control of the money that is being managed by the bank.
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Why do amount for vehicle appear under non current asset and current asset?
Because it's a fixed asset
What is the difference between Assets under management and Assets under administration?
Asset Under Management are investment funds and pools managed by a fund manager. Investment decisions for these assets are made by the fund managers; the only decisions from the clients would be whether or not to own the fund. Assets under Administration are client accounts in Wealth Management. Investment decisions, either at the strategic or tactical levels, are made by the account owners.
Was Iran-Contra a covert operation under the Clinton administration?
No, it was under the Reagan administration
How do you book a fixed asset that is a lease?
[Debit] Asset Under finance lease xxxx [Credit] Liability Under finance lease xxxx
Is closing stock a balance sheet item?
Yes closing stock is balance sheet item and shown under current asset in asset side.
What is an idle asset?
Idle asset is that asset which is not utilized in the fiscal year to earn revenue of business. Depreciation of idle asset is not charged for that specific period under which it remained idle.
Where does cash go on balance sheet?
Cash is an asset of business and it is shown under current asset of business at asset side of balance sheet.
Where does cash go on a balance sheet?
Cash is an asset of business and it is shown under current asset of business at asset side of balance sheet.
How do you calculate purchase consideration under net asset method?
under NET ASSET VALUE method all the ASSETS-LIABILITIES we need to calculate
Is petty cash a asset or liability?
Petty cash is current asset and shown under cash in hand section of balance sheet in asset side.
Where does loss on asset fall in the balance sheet or income statement?
Loss on Asset: It is shown under income statement as a expanse in the year of disposal of asset.
Is branding a intangible asset?
Yes, branding is an intangible asset. Usually, common referred to under Goodwill.
