asset= strengths
liability= weaknessess
TAMILSA
Short-term liabilities resulting from the primary business operations of a firm. They are non-interest bearing and comprise of accounts payable, accrued expenses, and income tax payable. Operating liabilities are deducted from total assets to determine the net operating assets.
cash-liabilities = outside networth
Limited liAbilities,transferable share
I would be an asset ti your client's organization.
Liabilities
asset
asset
Liability
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 = + - +
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.
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.
If bonds of any other company purchased then it is asset of company while if bonds are issued to other investors then it is liability of the company.
Asset. It is cash that you are owed. Accounts receivable is considered a short term asset.
(securities - liabilities)/(# of outstanding shares)
Assets increase over liabilities
Net Worth- Guillermo Peralta.