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Is current asset the same as liquid asset?
Liquid assets are those assets which can immediately be converted in cash in emergancy basis so in liquid assets noramlly inventory is also not included as well as debtors.
What are current assets list?
Current assets refers to those assets which can converted into cash within 12 months, there are no set convention as far as current assets are concerned the same can be a current asset for one company and fixed asset for other company. However there are assets which are most of the time treated as current assets by majority of companies, given below is the list of current assets -Cash available with companyBank balance of the companyDebtors of the company after deducting provision for bad debts.Bills receivables or accounts receivablesShort term investments of the companyPrepaid expenses paid by the companyStock of goods available with the company (which are expected to be sold within a year).
What is the difference between current assets and non current assets?
The main difference between a current and non current asset is how quickly the asset can be liquidated (sold for cash). A current asset is something that can be sold within a business cycle, which is typically a year. A non current asset is exactly the opposite - an asset that cannot be converted within a year.
Is current asset the same as a fixed asset?
Current asset is that asset which is utilizable within one fiscal year of business while fixed asset is that asset which is utilizable for more than one fiscal year of business.
When is an asset classified as a current asset?
An asset is something that is considered to be a future economic benefit of the business a current asset is the same but that future economic benefit is expected to occur within 12 months.
Is current asset the same as liquid asset?
Liquid assets are those assets which can immediately be converted in cash in emergancy basis so in liquid assets noramlly inventory is also not included as well as debtors.
What are current assets list?
Current assets refers to those assets which can converted into cash within 12 months, there are no set convention as far as current assets are concerned the same can be a current asset for one company and fixed asset for other company. However there are assets which are most of the time treated as current assets by majority of companies, given below is the list of current assets -Cash available with companyBank balance of the companyDebtors of the company after deducting provision for bad debts.Bills receivables or accounts receivablesShort term investments of the companyPrepaid expenses paid by the companyStock of goods available with the company (which are expected to be sold within a year).
What is the difference between current assets and non current assets?
The main difference between a current and non current asset is how quickly the asset can be liquidated (sold for cash). A current asset is something that can be sold within a business cycle, which is typically a year. A non current asset is exactly the opposite - an asset that cannot be converted within a year.
Is the premises note an asset or a liability?
Premises as in Property (Commercial/Industrial) are classified as Non- Current Assets
Motor vehicles were as fixed assets but why at the same time its can be as current asset also?
A motor vehicle can be a current asset for a company whose business is to sale vehicles.For example Toyota motor co trades in vehicles among other business lines.For Toyota the vehicles they hold for trading purposes are it's stock ,hence a current asset. Kachana Mushongo contact kachana@accamail.com
Is current asset the same as a fixed asset?
Current asset is that asset which is utilizable within one fiscal year of business while fixed asset is that asset which is utilizable for more than one fiscal year of business.
What is the different between the cost of depreciation of a asset and its related accumulated depreciation?
Cost of depreciation assets and accumulated depreciation is same as accumulated depreciaton calculates how much depreciation is charged till date while remaining is current book value of assets.
When is an asset classified as a current asset?
An asset is something that is considered to be a future economic benefit of the business a current asset is the same but that future economic benefit is expected to occur within 12 months.
What are the smilarities between real and financial asset?
www.investopedia.com Real assets: Physical or identifiable assets such as gold, land, equipment, patents, etc. They are the opposite of a financial asset. Real assets tend to be most desirable during periods of high inflation. Financial assets: An asset that derives value because of a contractual claim. Stocks, bonds, bank deposits, and the like are all examples of financial assets. Unlike land and property--which are tangible, physical assets--financial assets do not necessarily have physical worth.
When borrowing money do you increase your assets and liabilities at the same time?
Yes. The borrowed money is cash, an asset, and on the liabilities and equity side a liability is incurred. If the liability is due within the period it is a current liability.
What is replacement of fixed assets?
Replacement of fixed assets means to sale out the old assets and acquire a new one or replace old piece of asset with new one in exchange with same vendor.
What is the difference between fixed assets and non current assets?
Fixed assets and non-current assets are basically the same. Both are defined as assests that are utilized or depreciated by a company over the course of more than a year.
