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None!- Its liability.
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What would happen to the other side of the journal entry with a decrease in an asset?
there should be increase in any other asset or decrease in liability or decrease in owners equity to balance.
What is the difference between capital gain and capital loss?
Capital Gain is when you sell an asset for more than it cost you and make a profit and Capital Loss is when you sell and asset for less than it cost you, therefore making a loss.In other words the Mr Macauber principal!
Is common stock an asset or liability?
If a common stock of other entity is purchased with the intentions to resale in current fiscal period then it is current asset. Otherwise, if it is purchased with the intention to retain for more than one fiscal year then it is long term asset.
At what point current asset become non current asset?
Current assets are assets that can be turned into cash quickly and easily. Cash in the bank of course being the most Current possible. Other Current Assets are things such as Account Receivable.A point where an Account Receivable may turn into a Non-Current Asset is if the person/company that owes you is unable to fulfill their obligations and pay off the balance in one year or less. If this is the case and payment for the account receivable is going to be stretched into more than a year, that current asset is then listed as a Non-Current Asset, usually a Note Receivable.
What is another name for equity?
Owners capital is the other name of equity in business.
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.
What would happen to the other side of the journal entry with a decrease in an asset?
there should be increase in any other asset or decrease in liability or decrease in owners equity to balance.
Is common stock a current asset?
If a common stock of other entity is purchased with the intentions to resale in current fiscal period then it is current asset. Otherwise, if it is purchased with the intention to retain for more than one fiscal year then it is long term asset.
My bank asked if I want to open a current accounts what does this mean?
A current accounts is one of the two primary components of the balance of payments, the other being capital account. This type of account is used to increase the country's net foreign asset.
What is the difference between capital gain and capital loss?
Capital Gain is when you sell an asset for more than it cost you and make a profit and Capital Loss is when you sell and asset for less than it cost you, therefore making a loss.In other words the Mr Macauber principal!
Treasury stock should be reported as a current asset investment other asset or reduction of stockholder's equity?
Reduction of stockholders' equity.
Calculate the maximum permissible bank finance by all the three methods suggested by Tandon Committee?
(current asset - core current asset)- (net w/c) - (other current liability) = mbpf (tandon committee)
Is common stock an asset or liability?
If a common stock of other entity is purchased with the intentions to resale in current fiscal period then it is current asset. Otherwise, if it is purchased with the intention to retain for more than one fiscal year then it is long term asset.
Investment in government securities are fixed assets or current assets?
Is investment in government bond ,government securities, other asset ,investment in equity share and leasehold land are they a fixed asset of current asset please identify these all please need help on these.
At what point current asset become non current asset?
Current assets are assets that can be turned into cash quickly and easily. Cash in the bank of course being the most Current possible. Other Current Assets are things such as Account Receivable.A point where an Account Receivable may turn into a Non-Current Asset is if the person/company that owes you is unable to fulfill their obligations and pay off the balance in one year or less. If this is the case and payment for the account receivable is going to be stretched into more than a year, that current asset is then listed as a Non-Current Asset, usually a Note Receivable.
Business need capital from owners?
Yes or they could have shareholders and or other investors!!!
What is another name for equity?
Owners capital is the other name of equity in business.
