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Which of the following is an activity of the Asset Accounting sub-process
An asset will have benefits extending into the next accounting period
Yes, stock is an asset. Stocks are proof of a financial investment in a company, and therefore an asset in relation to accounting.
asset = liability + owner's equity
closing entry of an asset means the adjustment entry we do on the last day of accounting year.
Which of the following is an activity of the Asset Accounting sub-process
Which of the following is an activity of the Asset Accounting sub-process
Which of the following is an activity of the Asset Accounting sub-process
The key activities of Service Asset & Configuration Management are: 1. Management and Planning 2. Configuration Identification 3. Configuration Control 4. Status Accounting and Reporting 5. Verification and Audit 6. Information Management
An asset will have benefits extending into the next accounting period
Accounting focuses on the day-to-day movement of money in and out of a corporation or institution, whereas finance is a broader term that encompasses asset and liability management as well as long-term growth planning. Finance and accounting work at different levels in the asset management spectrum. Financial accounting includes the preparation of financial statements such as a balance sheet, income statement, and cash flow statement. The branch of accounting that deals with the summarization, analysis, and reporting of a company's financial activities is known as financial accounting.
Yes, stock is an asset. Stocks are proof of a financial investment in a company, and therefore an asset in relation to accounting.
It is an asset.
asset = liability + owner's equity
False
closing entry of an asset means the adjustment entry we do on the last day of accounting year.
see the site. http://ccba.jsu.edu/accounting/BADDEBTS.HTML