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Q: Is received cash investment from the owner is a source of asset transaction?
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What is an example of an asset source transaction?

examples og source of assets


Is Loaning money to another company through a promissory note an asset source transaction?

FALSE


What is the population of Arlington Asset Investment?

The population of Arlington Asset Investment is 2,009.


When was Arlington Asset Investment created?

Arlington Asset Investment was created in 1989.


What is Arlington Asset Investment's motto?

Arlington Asset Investment's motto is 'Enjoy Your Good Fortune'.


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 is the journal entry for sale the investment?

Cash ___, Drawing In the following simple example we are recognising a profit of $200. I have shown two slightly different ways of recognising this transaction, both with the same result. Cash Account (Asset)DR 1,000Proceeds on Disposal of Investment (P&L) CR 1,000Cost of Investments Disposed (P&L)DR 800Investments in JVs & Associates (Asset) CR 800Cash Account (Asset)DR 1,000Gain on Sale of Investment (P&L) CR 200Investments in JVs & Associates (Asset) CR 800


What does the term debit and credit mean in book keeping?

In a financial transaction: * debits = What was paid for or gained. It can be an expense, an asset (something of lasting value) or it can be a reduction in a debt. * credits = What is the source of value. It can be income, an increase in debt or obligations (owner investment) or it can be a reduction in assets (cash or other assets)


What is the symbol for Arlington Asset Investment Corp in the NYSE?

The symbol for Arlington Asset Investment Corp in the NYSE is: AI.


When two asset accounts are changed in a transaction there must be an increase and a decrease?

yes accounting equation is asset = liability +own's equity. the transaction is a decrease on account recceivable of asset and an increase on capital of asset. therefore, the equation is balanced.


Is building an asset?

It is depend on the nature of transaction, if building is acquire on rent then building is not an asset if building is purchased then it is fixed asset.


What transaction would decrease an asset account and decrease the owner and equity account?

Give me an example for what, the transaction would decrease an asset account and decrease the owner's equity account?