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All those assest which are convertable within one accounting period is konow as current assest. such as, Cash, Bank Balance.Account, prepaid etc
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Each what areas of accounting describe the application of substance over form 1 Group accounting 2 Financial non current asset 3 Measurement and disclosure of current assets?
The area of accounting that describes the application of substance over form is Financial non-current asset.
Each what areas of accounting describe the application of substance over form 1 Group accounting 2 Financial non-current asset 3 Measurement and disclosure of current assets?
The area of accounting that describes the application of substance over form is known as Financial non-current asset.
On a balance sheet what does contra asset allowance for doubtful accountsrepresent Is it current asset fixed asset or investment?
see the site. http://ccba.jsu.edu/accounting/BADDEBTS.HTML
How would you determine whether an asset is current asset or noncurrent asset?
I am taking a course in Accounting, and I was taught that an asset is current if it will be used up within one year. Long-term assets are those that last over 12 months.
Why is cash a credit in accounting?
Cash is "not" a credit in accounting. The cash account is an asset and is a debit balance account. To increase the cash account you debit the account and to decrease it you credit it.Cash = Current Asset = Debit Balance(GAAP)
What is the activities of the asset accounting sub-process?
Which of the following is an activity of the Asset Accounting sub-process
What is an activity of the Asset Accounting sub-process?
Which of the following is an activity of the Asset Accounting sub-process
What is an activity of the asset accounting sub process?
Which of the following is an activity of the Asset Accounting sub-process
Difference between current assets and current liabilities?
Other than the fact that one is an asset and the other a liability, this is how each are broken down. A current asset is any asset that can be turned into cash with-in a reasonable amount of time (i.e. cash, supplies, inventory, etc.) This can include some (but not all) accounts receivable. If the account can be reasonably expected to be paid within an accounting period, it is considered a current asset. A current liability is any debt owed that can be reasonably expected to be paid off in 12 months or less (or one accounting period).
Is gold is fixed asset or current asset?
Current asset
Difference between book value and fair value in accounting?
Book value of asset is the value of asset shown in books of accounts while fair value of asset is the current price at which that product is selling or sellable in market.
Is cafe a current asset or fixed asset?
Current asset.
