Current Assets are assets that are considered to be liquidated easily. Cash is considered a current asset because of that reason, it is cash. Anything that can be turned into cash quickly is considered a current asset. Accounts receivable is also a current asset, while a Note Receivable is considered (non) or more appropriately, a "long-term" asset.
Most common example of intengible asset is "GOODWILL"
There are quite a number of various examples of asset inventory software on the market. A good example of one would be RedBeam Fixed Asset Tracking Software.
unearned rent
Accumulated Depreciation
Paying A/P: Decrease in Cash (Asset), Decrease in A/P (Liability)
no, they are an example of a liabilty
Most common example of intengible asset is "GOODWILL"
There are quite a number of various examples of asset inventory software on the market. A good example of one would be RedBeam Fixed Asset Tracking Software.
unearned rent
Accumulated Depreciation
Accumulated Depreciation
Paying A/P: Decrease in Cash (Asset), Decrease in A/P (Liability)
The current asset refers to the assets that are expected to be converted into cash within a year from the balance sheet date. An example of an asset account is an account that includes bank deposits, cash, market securities, and the notes receivable.
The current asset refers to the assets that are expected to be converted into cash within a year from the balance sheet date. An example of an asset account is an account that includes bank deposits, cash, market securities, and the notes receivable.
it is a type of asset which does not produce any output.. for example TV is non-productive asset if you use it for home viewing only but it may become productive asset if you start using it to make money, like for example in african villages where the owner charges fees for viewing the movies..
it is a type of asset which does not produce any output.. for example TV is non-productive asset if you use it for home viewing only but it may become productive asset if you start using it to make money, like for example in african villages where the owner charges fees for viewing the movies..
Ive had a similar question like this in a finance exam. Apparently its wrong to say that all financial assets are intangible (i.e. yes, a financial asset can be a tangible asset). Example: Cash