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Simply answered, it means cash or assets that can quickly and easily be converted to cash.
What else can I help you with?
What is Asset Reconciliation?
Asset Reconcilation means reconcilation of asset, verifying the asset with the available cash.
What decreases an asset and liability?
Decrease in asset means being using of it decreases and liability decrease means payable of debts decreases.
What is difference between fixed asset and non current asset in detail?
assests means
What is useful life of an asset?
Useful life of an asset means the time for which any asset is usable in business for generating revenue for business.
Is stock a financial asset?
If stock means investment in stock of other company then yes it is fianancial asset for business.
What is closing entry of asset?
closing entry of an asset means the adjustment entry we do on the last day of accounting year.
What does it mean to borrow against an asset?
Borrowing against an asset means using the value of that asset as collateral to obtain a loan. This allows the borrower to access funds based on the asset's worth, with the understanding that if the loan is not repaid, the lender can take possession of the asset.
What is the difference between asset bom and maintenance bom?
Asset BOM is asset BOM and maintenance BOM is maintenance BOM :P Asset BOM means all the parts of an equipments and maintenance BOM is the spares required for maintenance.
A debit to an asset account indicates a n?
A debit to an asset account indicates an increase in that asset. In accounting, asset accounts are increased with debits and decreased with credits. This means that when a debit entry is made, it reflects an acquisition or enhancement of the asset. For example, if cash is received, the cash account (an asset) is debited to show the increase.
What does the term finance lease mean?
The Term "Finance Lease" means that the customer will pick an asset such as a vehicle and the lender will purchase the asset. The customer will be able to use the asset while they pay installments or rental fees, with the option to purchase the asset.
Would a credit entry to the accounts receivable ledger account would make the balance?
No! Accounts receivables is treated as an asset element in the balance sheet, and crediting an asset means decrease in asset.
Credit balance in capital account means laibility or an asset?
liability
