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A note receivable due in 18 months is listed on the balance sheet under the caption?
it is Current assets.
What is the difference between non current asset and plant asset?
plant assets comes under non current assets. now non current assets are those which are not easily feasible in cash like land, building or other fixed properities.
Are intangible assets included in current assets?
Intangible Assets are not included in current assets. They are usually listed under Other Assets.
Are current assets debit or credit items?
Current assets are debit as all assets has default balance debit so current assets as well and these are shown under current assets section of balance sheet.
Is provision for doubtful debt under current assets?
Yes provision of doubtful debt is part of current assets as accounts receivable is part of current assets and this allowance is for short term period.
A note receivable due in 18 months is listed on the balance sheet under the caption?
it is Current assets.
What is the difference between non current asset and plant asset?
plant assets comes under non current assets. now non current assets are those which are not easily feasible in cash like land, building or other fixed properities.
Fixed deposit is current asset or fixed asset?
Fixed deposit is under fixed assets. Under fixed assets, there are 3 category that is tangible fixed assets (land, machinery, dll), intagible fixed assets (pattern, franchise, dll) and investment (fixed deposite,dll).
Are intangible assets included in current assets?
Intangible Assets are not included in current assets. They are usually listed under Other Assets.
Are current assets debit or credit items?
Current assets are debit as all assets has default balance debit so current assets as well and these are shown under current assets section of balance sheet.
What is the difference between Assets under management and Assets under administration?
Asset Under Management are investment funds and pools managed by a fund manager. Investment decisions for these assets are made by the fund managers; the only decisions from the clients would be whether or not to own the fund. Assets under Administration are client accounts in Wealth Management. Investment decisions, either at the strategic or tactical levels, are made by the account owners.
Is provision for doubtful debt under current assets?
Yes provision of doubtful debt is part of current assets as accounts receivable is part of current assets and this allowance is for short term period.
Is marketable securities consider a assets or liabilities?
Marketable securities are considered assets. They are financial instruments that can be easily converted into cash, typically within a year, and are often held by companies for investment purposes or as a means to manage liquidity. As assets, they appear on the balance sheet under current assets, reflecting their potential to generate cash flow.
What is core current asset under maximum permissible bank finance?
Core current assets are the permanent current assets. These are the essential assets that an organization needs to cover routine activities. To calculate the maximum permissible bank finance, core current assets value is subtracted from the total current assets, because it is not liquid.
What assets comes under the head of plant?
Machinery, land and building are normally comes under head of plant.
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.
Where is foreign currency translations reported?
These are reported in the company's balance sheet, and are listed under "ASSETS -> Non-Current Assets -> Intangible Assets".
