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What is the Affect of accrued income in balance sheet?
Accrued income is an asset to the Organisation as It has earned the revenue but has not physically receive the funds for it by the end of financial year. It will be classed as a current asset.
Can a transaction that causes an increase in an asset also cause a decrease in another asset?
Yes. If you purchase a new desk, your furniture asset account would increase, and your cash asset account would decrease.
How would fees receivable appear on the balance sheet?
Fees receivable would appear on the balance sheet as an asset.
What makes an asset a Task Critical Asset (TCA)?
The loss of the asset causes a MET to fail.
The transaction would increase an asset account and increase a liability account?
The transaction would increase an asset account and increase a liability account?
What does total asset turnover have to do with organizational efficiency?
to know how efficiently the assets were used in the organisation
What is the Affect of accrued income in balance sheet?
Accrued income is an asset to the Organisation as It has earned the revenue but has not physically receive the funds for it by the end of financial year. It will be classed as a current asset.
What is a sentence with asset?
My assets are great. It would be an asset to me if you did that.
How would you identify critical asset?
what are the steps in order of how you would identify a critical asset
How would you identify a critical asset?
what are the steps in order of how you would identify a critical asset
Can a transaction that causes an increase in an asset also cause a decrease in another asset?
Yes. If you purchase a new desk, your furniture asset account would increase, and your cash asset account would decrease.
Is temporary investments considered an asset?
Yes... technically it would be a Current Asset.
Where does the apostrophe go in the word clients as in the sentence I would be an asset to your clients organization?
I would be an asset ti your client's organization.
How would fees receivable appear on the balance sheet?
Fees receivable would appear on the balance sheet as an asset.
What would happen to an organization if it didn't have people?
If an organisation didn't have people, then it wouldn't be an organisation?
What makes an asset a Task Critical Asset (TCA)?
The loss of the asset causes a MET to fail.
Would a credit entry to the accounts receivable ledger account would make the balance?
No! Accounts receivables is treated as an asset element in the balance sheet, and crediting an asset means decrease in asset.
