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Inventories are those costs the benefits of which has to be taken by company in future time period while payment made already as these are part of future revenue generating activities that's why inventories are assets of company.
assets
Some assets will become costs in a future period such as Inventory and Prepaid Expenses. Fixed Assets will be depreciated in future periods. However, assets such as Cash and Accounts Receivable do not represent future expenses.
Inventories are those items which is usable in future for generating business revenue of which payment is made in advance so these are assets for business and that’s why shown under current asset of balance sheet.
Outstanding assets are assets that are owed to an individual or business. Outstanding liabilities are debts that ill be incurred in the future.
Antarctica is a place of natural beauty which needs to be preserved for future generations
Yes, Bright future of digital assets coming in 2024
It was preserved for a future settlement (i.e. exchange of land).
A company's assets can be monetary/non-monetary tangible/intangible objects that it has a legal claim to. Assets can be used in the operations of business, to gain future benefits or to decrease your liabilities.
To become the best constructive script writer in future.
because we get the benifit of such expenses in future
If preserved and conserved like they are now, yes, hopefully.