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RCS Paid $50,000 cash for operating expenses such as salaries, rent, and intrest. RCS Paid $4,000 cash in dividends to its owners.
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What is an example of an asset source transaction?
examples og source of assets
Is Loaning money to another company through a promissory note an asset source transaction?
FALSE
What is asset leverage?
Asset leverage is when an entity borrows against a particular asset to increase its holdings of that particular asset class. For example, an entity could own a building worth $100,000, and pay for it outright. Or, if it wished to leverage the asset, it could take out a mortgage for $50,000 on that building, and use the $50,000 it borrowed to purchase another building.
What is a non-performing asset?
My understanding of "nonperforming assets", any asset that you have accumulated that cannot be used in your business. For example: If I am the franchise owner of McDonald's, my deep fryer that I use to make the fries would be considered an asset. It is an asset that I use in my business. The building itself is also a performing asset. So those would be examples of performing assets. Non-performing example: I am the franchise owner of McDonald's and I purchase a piece of property to block another restaurant from being in a location that possibly would negatively affect my business. This purchase has a purpose, but is not performing within my business. Possibly another example would be if I purchase a Corvette (Car or boat) for my own use, but purchased it through my business, that also would be a non-performing asset.
Government protection of consumer rights is an example of?
it is an example of a transaction between the consumers and the government.
What is an example of an asset source transaction?
examples og source of assets
What transaction would decrease an asset account and decrease the owner and equity account?
Give me an example for what, the transaction would decrease an asset account and decrease the owner's equity account?
What transaction would decrease an asset account and decrease the owner's equity account?
Give me an example for what, the transaction would decrease an asset account and decrease the owner's equity account?
What transaction would decrease an asset account and decrease the owner equity account.?
Give me an example for what, the transaction would decrease an asset account and decrease the owner's equity account?
Give a example of Increase an asset and increase a liability.?
When we purchase fixed asset on credit then it increases our Assets and also increase liability. Transaction as follows: Asset [Debit] Payable [Credit]
The transaction would increase an asset account and increase a liability account?
The transaction would increase an asset account and increase a liability account?
When two asset accounts are changed in a transaction there must be an increase and a decrease?
yes accounting equation is asset = liability +own's equity. the transaction is a decrease on account recceivable of asset and an increase on capital of asset. therefore, the equation is balanced.
Is building an asset?
It is depend on the nature of transaction, if building is acquire on rent then building is not an asset if building is purchased then it is fixed asset.
If a company purchases supplies on account the transaction would result in total asset increasing or decreasing?
I think the total asset will decreases
Can a transaction that causes an increase in an asset also cause a decrease in another asset?
Yes. If you purchase a new desk, your furniture asset account would increase, and your cash asset account would decrease.
Decrease an asset account and decrease a liability account?
if you have a asset and you sale it and then money which you get pay as a liability so decreas in asset and decreas in liability occurs.
What is a non-productive asset?
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..
