asset
Loss on Asset: It is shown under income statement as a expanse in the year of disposal of asset.
Strictly speaking, a Performing Asset is any asset that is generating an income.
Strictly speaking, a Performing Asset is any asset that is generating an income.
asset liability
asset
An asset.
Loss on Asset: It is shown under income statement as a expanse in the year of disposal of asset.
Strictly speaking, a Performing Asset is any asset that is generating an income.
Strictly speaking, a Performing Asset is any asset that is generating an income.
Depreciation of any asset is charged to income statement till the actual date of disposal of asset and after that date depreciation is not charged to income statement.
asset liability
Income of any kind is Revenue so... no - it is NOT an asset. However - the investment or savings that earned you the interest IS.
asset
no
Cash is not any income or cash in accrual based accounting system so it is not part of income statement rather it is an asset for business and shown under asset side in current asset portion.
Depreciating asset is that asset which is utilizing by business in generating revenue and cost of asset is allocating to income statement through depreciation.