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Yes, a trade debtor is considered a current asset. It represents amounts owed to a business by its customers for goods or services provided on credit, and it is expected to be converted into cash within one year. As such, it plays a crucial role in assessing a company's short-term financial health and liquidity.
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Is sundry debtor current assets?
If it is to be received in an year,then it's current asset.
Is debtor an asset or liability?
It is an asset
Is debtor asset or liability?
asset
What is a 'No Asset Debtor'?
A no Asset Debtor is a person who has applied for an alternative to bankruptcy through the No Asset Procedure. If you haven't applied for entry into a No Asset Procedure by filing a notice with the Official Assignee, select no.
Is gold is fixed asset or current asset?
Current asset
What type of asset is debtor?
current asset.
Is sundry debtor current assets?
If it is to be received in an year,then it's current asset.
Is debtor an asset or liability?
It is an asset
Is debtor asset or liability?
asset
What is a 'No Asset Debtor'?
A no Asset Debtor is a person who has applied for an alternative to bankruptcy through the No Asset Procedure. If you haven't applied for entry into a No Asset Procedure by filing a notice with the Official Assignee, select no.
Is gold is fixed asset or current asset?
Current asset
Is cafe a current asset or fixed asset?
Current asset.
Is prepaid insurance a current asset or fixed asset?
Current Asset
Is money lent by a bank a current asset or non current asset?
non current asset
Are owners equity and debtor fall under asset?
Owner equity is liability for business falls under liability or equity side while debters are current assets of business and fall under current assets.
Are debtor an asset?
No, debtors are not assets; they are liabilities. Debtor refers to someone who owes money to another party. In accounting, debtors are recorded as accounts receivable, which is an asset. However, from the perspective of the debtor themselves, the amount they owe represents a liability, not an asset. Assets are resources owned by a person or company that have economic value and can be used to generate future benefits. Liabilities, on the other hand, represent obligations or debts owed by a person or company to others.
Is a security deposit a current asset or current liability?
Current Asset
