Obsolete asset is that asset which suddenly becomes obsolete due to any technological change or any reason and has no value while written down asset is asset which is usable asset with written down value
Equity
Personal assets is assets that are owned by a person. Company assets are assets that are own by the company.
assets are what the business owned and liabilities are what the business owe.
Profit is the difference between your assets and liabilities if you have $30,000.00 in assets and $20,000.00 in liabilities = you would have $10,000.00 in profit If you have 22,000.00 in Assets and $30,000.00= you would have $-8,000.00 in loss can be written as ($-8,000.00) usually in Red hope this helps
The differences between assets and fixed assets are; If you take an asset you will get your money back anytime but if you get a fixed assets the bank will keep your money untill the timeframe is over.
Equity
Personal assets is assets that are owned by a person. Company assets are assets that are own by the company.
assets are what the business owned and liabilities are what the business owe.
Profit is the difference between your assets and liabilities if you have $30,000.00 in assets and $20,000.00 in liabilities = you would have $10,000.00 in profit If you have 22,000.00 in Assets and $30,000.00= you would have $-8,000.00 in loss can be written as ($-8,000.00) usually in Red hope this helps
The differences between assets and fixed assets are; If you take an asset you will get your money back anytime but if you get a fixed assets the bank will keep your money untill the timeframe is over.
What_is_the_difference_between_vouching_and_verification_of_assets_and_liabilities
the difference between total current assets and total liability is the working capital. It goes with a formula 'current asset -current liability =working capital '
Yes - it's the sum of your assets minus the sum of your liabilities.
Net Worth or Equity
Real assets are physical assets such as plant, machinary, vehicles, stock/ inventory. Financial assets, are cash, bonds, shares etc., etc.
Outstanding assets are assets that are owed to an individual or business. Outstanding liabilities are debts that ill be incurred in the future.
Current assets are assets include assets that will converted into cash or consumed in the current operating period while total assets include all assets regardless of when they will be converted to cash or consumed.