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What is an expired asset called?

An expired asset is commonly referred to as a "depreciated asset" or "fully amortized asset." It is an asset that has reached the end of its useful life or its expected economic benefit has been fully realized. In accounting terms, such assets may be removed from the balance sheet and recognized as having no remaining value.


What type of account is the supplies account?

Supplies (sometimes also referred to as "inventory", depending on your industry) is an asset, or more specifically, if you are using a classified balance sheet format, current asset, account. The reason for this is that supplies and inventory are seen as being able to be used for production or converted to cash within one year.


In accounting differentiate normal loss from abnormal loss?

Certain losses are inherent in the production process and cannot b eliminated.These losses occur under efficient operating conditions and are referred to as Normal or uncontrollable losses.-In addition to losses which cannot be avoided, there are some losses which are not expected to occur under efficient operating conditions, for example the improper mixing of ingredients, the use of inferior materials and the incorrect cutting of cloths. These losses are not an inherent part of the production process and are referred to as abnormal or controllable losses.-Normal loss is the loss expected during a process. It is not given a cost.-Abnormal losses is the extra loss resulting when actual loss is greater than normal or expected loss ,and it is given a costs.-Since an abnormal loss is not given a cost, the cost producing these units is borne by the good units of output.-Abnormal loss and gain units are valued at the same rate as "good" units. Abnormal events do not therefore affect the cost of good production. Their costs are analyzed separately in an abnormal loss or abnormal gain account


What are owned resources of a business referred to as?

assets


Owned resources of a business are referred to as?

Assets

Related Questions

The way you are expected to act by others?

The way you are expected to act by others is referred to as etiquette or manners.


What is referred to by the term expected frequencies?

It is the number of observations that might be expected for a particular category if the [null] hypothesis that is being tested is true.


What is an expired asset called?

An expired asset is commonly referred to as a "depreciated asset" or "fully amortized asset." It is an asset that has reached the end of its useful life or its expected economic benefit has been fully realized. In accounting terms, such assets may be removed from the balance sheet and recognized as having no remaining value.


What is ejected from a nucleus when a neutron is converted into a proton?

Electron also referred to as a beta particle in this instance


What is the chemical secreted by the ant referred to as a. hormones c. oxygen b. pheromones d. estivation?

Communication between ants is realized with pheromones.


What is a baby red fox called?

Baby foxes, red or otherwise, are usually referred to as 'kits'.


When a candidate for the presidency wins the nomination when he is not expected to win he is referred to as a?

do you have a packet from school that you need to do because i have the same thing


What is a train parked overnight is called?

A train parked for the night but expected to move is usually referred to as "tied down".


Is there a Canadian jungle?

The major cities are sometimes referred to as urban jungles otherwise we do not have jungles, though we do have rainforests.


The amount of capital the physician has invested in the practice is referred to as what?

The amount of capital that a physician has invested in the practice is referred to as the principle amount. The principle amount is usually expected to earn interest over time.


What is stored energy referred as?

Stored energy is often referred to as potential energy, which is the energy an object has due to its position or condition. This energy can be released and converted into kinetic energy when the object is allowed to move or change states.


Which element is used to make light sensitive photo cells for cameras?

Charge-coupled device, otherwise referred to as a CCD.