give me an example of source of assets?
examples for current assets?
Assets have of two types Current Assets Non-Current/ Fixed Assets Current Assets are those which company utilizes in one fiscal year for example, material, Fixed assets are those assets which company utilizes for more than one fiscal year for example, machinery, plant, equipment etc
Yes assets are equal to liabilities. As liabilities are source of financing either inform of equity or inform of debt. With help of liabilities (equity+debts) assets are financed.
Quick assets or liquid assets are those assets that can be converted into cash fairly soon... eg, accounts receivable, marketable securities, current assets excluding inventory, etc.
notes receivable
examples og source of assets
fixed assets are assets that are use in the purchasing of fixed assets example: buildings, land , equipment etc
examples for current assets?
Assets have of two types Current Assets Non-Current/ Fixed Assets Current Assets are those which company utilizes in one fiscal year for example, material, Fixed assets are those assets which company utilizes for more than one fiscal year for example, machinery, plant, equipment etc
profitability analysis
Yes assets are equal to liabilities. As liabilities are source of financing either inform of equity or inform of debt. With help of liabilities (equity+debts) assets are financed.
Following are example of fixed assets:1 - building2 - land3 - machinery etc
since noncurrent assets are fixed assets and current asset are business properties tend to be used within a years period example machinery a business can put their properties on sale example they can rent them out as hire purchasing from them the business gets money
notes receivable
Quick assets or liquid assets are those assets that can be converted into cash fairly soon... eg, accounts receivable, marketable securities, current assets excluding inventory, etc.
non current assets are like land, building machinery premises etc
Tangible assets normally are long term capital assets, but could be short term. Some long term tangible assets can be depreciated while others can not. For example a building or piece of equipment is a tangible long term asset that can be depreciated for financial and tax purposes. Land is also a tangible asset, but can not be depreciated.