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What is removing assets from balance sheet?
Removing assets means to write off the assets from business which are obsolete or fulfill its time period.
An increase in total assets means?
An increase in total assets means an increase in equity. Equity is tock or any other security representing an ownership interest.
What is surplus on revaluation of asset?
Surplus on revaluation of assets means that on the even of revaluation, more assets has appreciate in their value then depreciate.
What does return on assets mean?
Return on assets (or ROA) means how profitable a company is based on their total assets. The ROA is calculated by dividing a companies total earnings by it's total assets. It is often also called return on investment.
Is debit positive or negative?
In case of Assets debit is positive which means increase in assets as well as for liabilities debit means reduction in liabilities but for expenses it is negative as it increases the expenses and reduces the profit
What is the minimum numbers of layers of plastic sheets or CBRN protective covers assets?
One!
What are maturity of fixed assets?
maturity of fixed assets means the completion of useful life of fixed assets.
What is the effect on accounting equation if assets increases?
accounting equation assets = liabilities + capital so if assets increases either liability or capital will increase for this purpose 1. assets means both long term assets and short term assets 2. capital means owners equity 3. liability means outsliders liability
What is removing assets from balance sheet?
Removing assets means to write off the assets from business which are obsolete or fulfill its time period.
What is the minimum number of layers or plastic sheets or cbrn protective covers that should be used to cover assets?
one
What is the minimum number of layers of plastic sheets or CBRN protective covers that should be used to cover assets?
One
What is the minimum number of layers of pastic sheets or CBRN protective covers that should be used to cover assets?
one
What is disposal of tangible assets in accountancy?
In accountancy, to dispose of assets means to sell or otherwise get rid of property. Tangible assets are assets you can see and touch, such as houses, cars, and land.
What does liquid assets mean?
Simply answered, it means cash or assets that can quickly and easily be converted to cash.
What is historical concept?
historical concept means tangible assets are record on the the original price, in which an assets is acquired.
Is trade debt a part of quick assets?
Yes it is part of quick assets it basically means recievables
What is the origin of the phrase within your means?
"Your means" are your income and assets that you have. "Within your means" means using just those income and assets. Obtaining something your means can not pay for (i.e. incurring debt or obtaining loans) is an example of being outside your means.
