0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Is the term used when speaking about the quickness and ease in which an asset can be turned into cash?
Liquidity
Is depreciation considered part of the cash budget?
Depreciation is not part of cash budget as this is not cash expense rather it is just the allocation of fixed asset cost to specific fiscal year in which that fixed asset is used so there is no cash outflow due to depreciation and that’s why it is not included.
Is accounts recievable an asset account?
Accounts receivable is that amount which is creates due to sales to customers on credit and used instead of cash from customer that's why it is current asset.
Does cash purchase of equipment go in the cash receipt journal?
cash receipt journal is used to record money received by the business during calendar month as previously mentioned ,when money is received by the business for capitalDebit Asset a/c if asset a/c is bought and credit Cash a/c OR if these are sundry supplies debit that head and credit cash accept.we have some confusion about format of cash recipts.is it true?
What account type is petty cash?
Petty cash is Current Assets. It is a current asset (CA) to the business because it brings future economic benefit and can be used, consumed and converted into cash with the 12 months period.
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.
Why is cash an asset?
Balance sheet is always maintained as most liquid asset at the top, so as the cash is the most liquid asset of business that;s why it is shown right at the top before all other less liquid assets.
Is the term used when speaking about the quickness and ease in which an asset can be turned into cash?
Liquidity
What is the term used when speaking about the quickness and ease in which an asset can be turned into cash?
Liquidity
Asset Allocation?
Asset Allocation The asset allocation is designed to help you create a balanced portfolio of investments. Your age, ability to tolerate risk and several other factors are used to calculate a desirable mix of stocks, bonds and cash. The calculated asset allocation is a great place to start your analysis in building a balanced portfolio. Click on the "View Report" button for a detailed look at your results.
Is depreciation considered part of the cash budget?
Depreciation is not part of cash budget as this is not cash expense rather it is just the allocation of fixed asset cost to specific fiscal year in which that fixed asset is used so there is no cash outflow due to depreciation and that’s why it is not included.
What is the ability to be used as or directly converted to cash?
Liquidity
Is shed a fixed asset?
The question is a bit confusing, however if you mean "a" shed, as in used for storage or even some companies purchase sheds to use as an office building, then YES it is a Fixed Asset. A fixed asset (also known as Long-Term Asset or Property, Plant, & Equipment [PP&E] are used in accounting for assets or property that can not be easily converted to cash. Unlike Current assets such as Cash, Merchandise, Accounts Receivable, which usually can be converted into cash rather quickly.
What is the ability to be used as or directly converted to cash called?
Liquidity
Is accounts recievable an asset account?
Accounts receivable is that amount which is creates due to sales to customers on credit and used instead of cash from customer that's why it is current asset.
How do you calculate Exit Yield?
Exit yield is used to value at the end of a cash-flow. It gives a capital value that is expected to be an asset after cash-flow ends.
Does cash purchase of equipment go in the cash receipt journal?
cash receipt journal is used to record money received by the business during calendar month as previously mentioned ,when money is received by the business for capitalDebit Asset a/c if asset a/c is bought and credit Cash a/c OR if these are sundry supplies debit that head and credit cash accept.we have some confusion about format of cash recipts.is it true?
