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What type of asset is debtor?
current asset.
Share discount is a fixed assets-?
A share discount is not a type of fixed asset, it is a type of net asset.
What type of asset are cctv camera?
It protects you business assets so it can be called as security asset..
What type of account is Allowance For Bad Debt?
Asset
Allowance for doubtful accounts is what type of account?
Asset Contra account to Accounts Receivable (Contra-Asset). Normal balance is credit.
What is the best measure of risk for an asset held in a well-diversified portfolio?
The measure of risk for an asset in a diversified portfolio is greatly dependent on the type of asset it is. And to narrow it down further, the name of the asset is vital to a complete answer. The best answer on the information provided is what percentage of the portfolio does the asset comprise of the portfolio.
What type of account is accumulated depreciation and how is it reported in the financial statements?
Accumulated depreciation is a contra-asset account and show in the asset section of the Balance Sheet. It is called contra-asset account because contrary to any asset account Acc. Dep. is a credit type of account. The offset of Accumulated depreciation is to Debit the expense account Depreciation.
When a plant asset is acquired by issuance of common stock the cost of the plant asset is properly measured by the?
Type your answer here... par value of the stock
Account type and normal balance of prepaid expense?
asset, debit
What is the period of time which the cost of an asset is allocated to depreciation expence?
The period of time over which the cost of an asset is allocated to depreciation expense is typically referred to as the asset's useful life. This is the duration for which the asset is expected to be economically beneficial to the company. Useful life can vary based on the type of asset, its expected wear and tear, and industry standards, and it is determined during the asset's acquisition. Depreciation allocates the cost of the asset over this useful life to match expenses with the revenues generated by the asset.
What type of asset is land held for future use?
Long-term investment
The type of account and normal balance of Petty Cash is a?
Petty Cash is a current asset (it both has value and is liquidated in less than 12 months). Since Petty Cash is an asset, its normal balance is a debit, as asset accounts are debits.
