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What else can I help you with?
Is bank account an asset?
Yes, bank account is an asset (provided it is not a loan or credit card account). Since a Bank account is a place where we deposit and keep money, it can be considered an asset. (And this is only as long as you have cash in your account. If your account balance is 0 it is not an asset)
Is accounts receivable a permanent account?
Yes it is a real account. Accounts receivable is considered an asset and asset accounts are real or permanent accounts.
Are sundry debtors a liquid asset?
liquid asset
Is a purchase discount account an asset or liability?
It is a contra asset account; thus, an ASSET
Is a cheque account an asset?
The account itself is not an asset, but any money credited to the account is.
Is a checking account considered an asset or liability?
A checking account is considered an asset because it represents money that you own and can access.
Is a savings account considered an asset?
Yes, a savings account is considered an asset because it represents money that you own and can access.
Is your checking account considered an asset?
Yes, a checking account is considered an asset because it represents money that you own and can access.
Is a checking account considered an asset or a liability?
A checking account is considered an asset because it represents money that you own and can access easily.
Is interest receivable considered an account receivable or other current asset?
It is considered a current asset as in it is not an account and should have a seperate t chart.
Is a house considered a liquid asset?
No, a house is not considered a liquid asset because it is not easily and quickly converted into cash without significantly affecting its value.
Is a checking account a liquid asset?
Yes, if it has a positive balance.
Is bank account an asset?
Yes, bank account is an asset (provided it is not a loan or credit card account). Since a Bank account is a place where we deposit and keep money, it can be considered an asset. (And this is only as long as you have cash in your account. If your account balance is 0 it is not an asset)
Is checking account balance considered an asset?
Yes, a checking account balance is considered an asset because it represents the amount of money a person has available to use.
Is a mortgage considered a liquid asset?
No, a mortgage is not considered a liquid asset. It is a liability, as it represents money owed to a lender for a property purchase. Liquid assets are typically cash or assets that can be easily converted into cash.
Is a valuation account an asset or liability?
The conceptual framework considers asset valuation accounts to be part of the related asset account. They are not considered to be assets or liabilities in their own right.
Is accounts receivable a permanent account?
Yes it is a real account. Accounts receivable is considered an asset and asset accounts are real or permanent accounts.
