Neither, shares are listed under owners equity.
it would be a non current asset as you plan to have shares generally for longer then a year. it would be on the debit side=] but i think ordinary shares are equity =O mind f**** i dunno im studdying it too lol
non-current assets.
non current
it is a expense
is closing inventory a current or non current asset
Neither, shares are listed under owners equity.
it would be a non current asset as you plan to have shares generally for longer then a year. it would be on the debit side=] but i think ordinary shares are equity =O mind f**** i dunno im studdying it too lol
non current asset
non-current assets.
non current
it is a expense
is closing inventory a current or non current asset
An expense is not an asset at all.
Because it's a fixed asset
Fixtures is an item of property plant and equipment and is considered a non-current asset. In order for something to be classified as a current asset, the asset is to be realised within the normal course of business for the company or within 12 months.
It is a non-current asset. Here is why: according to the Business Dictionary, a non-current asset refers to something that will not be converted to cash within twelve months, or a resource that will not be consumed or sold within the normal operating cycle of a business. By either definition, that describes machinery.
Vehicle is a fixed asset so it should be shown in fixed asset list and not in current asset list.