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Fund balance
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Sales are neither assets nor liabilities. Sales is the operating revenue recognized for a company over a period of time. However, the resulting cash and receivables from Sales are assets.
There is not a ratio that has the value of one. A ratio is assets over liabilities.
Franchise tax is important because it determines how much is paid in total over the year for the property value and assets. It is important to not overpay liabilities.
What is excess of total liability over a total assets?
Fund balance
Fund balance
true per my accounting book these wiki answers have helped me pass my tests!!
The answer is Deficit. Anything where there is a loss is a deficit
Sales are neither assets nor liabilities. Sales is the operating revenue recognized for a company over a period of time. However, the resulting cash and receivables from Sales are assets.
Assets increase over liabilities
There is not a ratio that has the value of one. A ratio is assets over liabilities.
An "asset" is a resource controlled by the business from which an inflow of future economic benefits are expected. (These are sources from which you make money.) A liability is a present obligation from which an outflow of future economic benefits is expected. (You have to pay out for these.) Having more total liabilities than total assets is referred to as being "insolvent", while having more current liabilities than current assets is referred to as being "illiquid". Therefore, if you do not have the money-making capabilities to pay back money that you owe, you can not operate as a business. When your liabilities exceed your assets over a long period of time, this is an indicator that you are losing money in your business.
working capital is the excess of current assets over current liabilities. if current assets are more than current liabilities, the company has surplus working capital, which is a good sign of liquidity. working capital is calculated as follows:Working capital = Current assets - Current liabilities
Franchise tax is important because it determines how much is paid in total over the year for the property value and assets. It is important to not overpay liabilities.
Management of short term assets (current assets) and short term liabilities (current liabilities) is commonly known as working capital management.Working capital is a requirement of funds to meet the day to day working expenses. In a simple term working capital is an excess of current assets over the current liabilities. In working capital management we focus more on receivables management, cash management and inventory management etc. Proper way of management of working capital is highly essential to ensure a dynamic stability of the financial position of an organization.