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Is electricity deposit an asset?
Yes, a utility deposit is an asset.
Is rent expense an current asset or non current assets?
Rent expense is an expense. If you pre-pay it (prepaid expense), it is a current asset, because you are generally only going to be prepaying it for like a month or so in advance.. Current asset - financial benefits received within 12 months. Non-current asset - financial benefit received beyond 12 months.
What is the journal entries for deposit paid on a asset?
deposit account (asset) = dr bank =cr
Is a certificate of deposit a current or fixed asset?
Certificate of deposit if purchased for one year then current asset otherwise long term asset.
Is rent expense an asset or liability?
Its an asset.
Which one of the following payments is an asset A check drawn for petrol A check drawn by the owner for his own use A check drawn to pay as a deposit for rent?
a cheque drawn to pay as a deposit for rent
Is electricity deposit an asset?
Yes, a utility deposit is an asset.
Is rent expense an current asset or non current assets?
Rent expense is an expense. If you pre-pay it (prepaid expense), it is a current asset, because you are generally only going to be prepaying it for like a month or so in advance.. Current asset - financial benefits received within 12 months. Non-current asset - financial benefit received beyond 12 months.
Is cash a financial asset or a real asset?
financial-current asset
What is the journal entries for deposit paid on a asset?
deposit account (asset) = dr bank =cr
Is a certificate of deposit a current or fixed asset?
Certificate of deposit if purchased for one year then current asset otherwise long term asset.
Fixed deposit is fixed asset or current assest?
A fixed deposit in the name of a firm is not a fixed asset.
Is rent asset or liability?
Yes
Is rent expense an asset or liability?
Its an asset.
Is fixed asset a current asset?
fixed deposit is an assets
Is a security deposit a current asset or current liability?
Current Asset
Is prepaid rent a long term asset?
A Long-Term Asset is one in which the benefits of that asset extend beyond the course of a year. The benefits of prepaid rent are typically more immediate, and therefore Prepaid Rent is classified as a Current Asset.
