Net Worth- Guillermo Peralta.
1. Quick assets ratio formula Quick asset ratio = quick assets / current liabilities
(securities - liabilities)/(# of outstanding shares)
Ratio Analysis = Current Asset / Current Liabilities
Liabilities
asset
Net Worth- Guillermo Peralta.
asset= strengths liability= weaknessess
asset
In an asset purchase, liabilities are typically not transferred to the buyer. The buyer only acquires the specific assets agreed upon, and the seller remains responsible for any existing liabilities.
Debits increase assets but decrease liabilities. In accounting, when you debit an asset account, it signifies an increase in that asset. Conversely, when you debit a liability account, it indicates a decrease in that liability. Therefore, debits do not increase liabilities; they have the opposite effect.
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 = + - +