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Current Assets are assets that are considered to be liquidated easily. Cash is considered a current asset because of that reason, it is cash. Anything that can be turned into cash quickly is considered a current asset. Accounts receivable is also a current asset, while a Note Receivable is considered (non) or more appropriately, a "long-term" asset.
What else can I help you with?
Examples of intangible asset?
Most common example of intengible asset is "GOODWILL"
What is a good example for an asset inventory software?
There are quite a number of various examples of asset inventory software on the market. A good example of one would be RedBeam Fixed Asset Tracking Software.
An example of an asset account?
unearned rent
Example of Contra-Asset Account?
Accumulated Depreciation
What an example of a decrease in an asset and a decrease in a liability?
Paying A/P: Decrease in Cash (Asset), Decrease in A/P (Liability)
Are notes payable an example of an asset?
no, they are an example of a liabilty
Examples of intangible asset?
Most common example of intengible asset is "GOODWILL"
What is a good example for an asset inventory software?
There are quite a number of various examples of asset inventory software on the market. A good example of one would be RedBeam Fixed Asset Tracking Software.
An example of an asset account?
unearned rent
Example of Contra-Asset Account?
Accumulated Depreciation
What is an example of a contra asset account?
Accumulated Depreciation
What an example of a decrease in an asset and a decrease in a liability?
Paying A/P: Decrease in Cash (Asset), Decrease in A/P (Liability)
What is an example of an asset account?
The current asset refers to the assets that are expected to be converted into cash within a year from the balance sheet date. An example of an asset account is an account that includes bank deposits, cash, market securities, and the notes receivable.
Is an example of an asset account?
The current asset refers to the assets that are expected to be converted into cash within a year from the balance sheet date. An example of an asset account is an account that includes bank deposits, cash, market securities, and the notes receivable.
What is a non-productive asset?
it is a type of asset which does not produce any output.. for example TV is non-productive asset if you use it for home viewing only but it may become productive asset if you start using it to make money, like for example in african villages where the owner charges fees for viewing the movies..
What is a non productive asset?
it is a type of asset which does not produce any output.. for example TV is non-productive asset if you use it for home viewing only but it may become productive asset if you start using it to make money, like for example in african villages where the owner charges fees for viewing the movies..
Can a tangible asset be a financial asset?
Ive had a similar question like this in a finance exam. Apparently its wrong to say that all financial assets are intangible (i.e. yes, a financial asset can be a tangible asset). Example: Cash
