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What is the mean of impairment of the assets?
what is mean by assets register?
What are the Examples of quick assets?
Quick Assets. I assume you mean the assets used for the Quick Ratio. The assets used are Cash + Receivables (Current Assets - Inventory)
When you get a letter of testamentary does that mean that the Trust or Will has been probated or is being probated?
"Letters Testamentary" are issued after the will has been probated. Probated means proved as genuine. It does not mean the process of administering the estate by collecting assets, paying bills and disbursing the estate. Once Letters are issued, the exeutor/executrix begins the administration of the estate. Letters Testamentary have no relation at all to trusts.
What does letters of administration with ata mean?
"Letters of administration with ata" is a legal document that grants someone the authority to act as the administrator of an estate when the deceased did not leave a will. This allows the administrator to manage and distribute the assets of the estate according to the laws of intestacy.
What other term would mean almost the same as assets and liability?
Net assets
What does personalty mean?
It is personal assets that are not fixed to a specific location. Assets fixed to a location assets are realty. Personalty is also known as chattel.
What does Issuance Of Letters Testamentary mean?
Issuance of Letters Testamentary is a legal document issued by the court that authorizes the executor or personal representative to administer the estate of a deceased person according to their will. It gives the executor the legal authority to manage the deceased person's assets and carry out their wishes as outlined in the will.
What does debtors mean in the balance sheet?
Assets
What does liquid assets mean?
Simply answered, it means cash or assets that can quickly and easily be converted to cash.
What does Assets Under Custody mean?
AUC is the value of assets held under custody by a "custodian of securities".
What do the letters INC after the name of the business tell you?
The letters "Inc." after the name of a business stand for incorporated. An incorporated business has legal protection against creditors and lawsuits on their personal assets
What does rwa mean in finance?
Risk Weighted Assets
