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Is accrued expenses payable is an asset or liabilities?
Liabilities
Petty cash in till asset or liabilities?
asset
Common stock is assets or liabilities?
asset
Is fixed deposits is an asset or liabilities?
Liability
How rent paid in advance is treated in accounting equation?
If you are the payer Increase in Prepaid Expenditure- Asset Decrease in Bank - Asset Equity= Asset- Liabilities 0 = +/- - 0 If you are the payee Increase in Income Recieved in Advance - Liability Increase in Bank - Asset Equity= Asset- Liabilities 0 = + - +
Is accrued expenses payable is an asset or liabilities?
Liabilities
Petty cash in till asset or liabilities?
asset
Other terms of asset and liabilities?
asset= strengths liability= weaknessess
Common stock is assets or liabilities?
asset
Is fixed deposits is an asset or liabilities?
Liability
How rent paid in advance is treated in accounting equation?
If you are the payer Increase in Prepaid Expenditure- Asset Decrease in Bank - Asset Equity= Asset- Liabilities 0 = +/- - 0 If you are the payee Increase in Income Recieved in Advance - Liability Increase in Bank - Asset Equity= Asset- Liabilities 0 = + - +
Is asset is cash?
Cash is an asset because it is the most liquid asset that is owned by a company that can be used to paid expenses or current liabilities.
How does vat affect the accounting equation?
The VAT can affect the accounting equation in two different ways. The accounting equation is ASSET=CAPITAL+LIABILITIES So, if VAT is OWED from HMRC (receivable) it will be an asset, so the asset will increase and the Capital will increase as well. ASSET+X=CAPITAL+X+LIABILITIES, where X is the amount of VAT received. If VAT is owed TO HMRC (payable), then the liabilities will increase, which means that the capital will decrease with the same amount. ASSET=(CAPITAL-Y)+(LIABILITIES+Y) where Y is the amount of VAT to be paid.
Are accounts receivable assets or liabilities?
Asset. It is cash that you are owed. Accounts receivable is considered a short term asset.
Formula to calculate NAV?
(securities - liabilities)/(# of outstanding shares)
When does the net asset value increase?
Assets increase over liabilities
What formula subtracts liabilities from asset will provides what?
Net Worth- Guillermo Peralta.
