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) A financial transaction is an event or condition under the contract between a buyer and a seller to exchange an asset for payment. In accounting, it is recognized by an entry in the books of account. It involves a change in the status of the finances of two or more businesses or individuals. examples of a financial traction would be - Making a purchase , Taking a loan , All the events that take place in you bank accounts like credits , debits etc , A credit card Transaction - Buying on credit or using a debit card where the purchase is made and funds are debited from your bank account.
A4) Floating assets are not permanent and . these are ever changing assets that change depending on the business eg cash , accounts receivable , notes receivable, finished products , goods in in the process of manufacturing, raw material, supplies etc. Fixed assets are those which are fixed in nature like Plant, machinery , building ,land , patent rights, good will etc.
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What is difference between fixed asset and inventory?
What is the difference between fixed asset and inventory
What is difference between fixed asset and non current asset in detail?
assests means
The difference between the balance of a fixed asset account and the related accumulated depreciation account is termed?
Net Fixed Assets is the term used for the difference between the balance of a fixed asset account and the related accumulated depreciation.
What is difference between fixed asset and current asset?
The difference between current assets and fixed assets as follows: Current assets are flexible in nature, easy to encashable and floating money to company. Fixed assets are fixed in nature in other words non-moving assets, not easy to encash, and are regularly depreciated. Classification: Current assets: Cash - at hand and at bank Inventories Sundry Debtors Advance and Deposits Fixed Assets: Land and Building Furniture and Fittings Tools and tackles Plant and Machinery Computer (including assessories and UPS)
What is the difference between assets and fixed assets?
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 difference between fixed asset and inventory?
What is the difference between fixed asset and inventory
Difference between a floating charge and a fixed charge?
fixed and floating charge
What is difference between fixed asset and non current asset in detail?
assests means
The difference between the balance of a fixed asset account and the related accumulated depreciation account is termed?
Net Fixed Assets is the term used for the difference between the balance of a fixed asset account and the related accumulated depreciation.
What is the difference between a fixed and a floating bearing?
floating bearing allows axial movement of the shaft. fixed bearing does not allow for axial movement of the shaft
What is difference between fixed asset and current asset?
The difference between current assets and fixed assets as follows: Current assets are flexible in nature, easy to encashable and floating money to company. Fixed assets are fixed in nature in other words non-moving assets, not easy to encash, and are regularly depreciated. Classification: Current assets: Cash - at hand and at bank Inventories Sundry Debtors Advance and Deposits Fixed Assets: Land and Building Furniture and Fittings Tools and tackles Plant and Machinery Computer (including assessories and UPS)
What is the difference between a fixed rate bond and a floating rate bond?
"A fixed rate bond is a bond that has a fixed rate, whereas a floating rate bond can change due to different variables. BNET is a great business resource that will help with learning about fixed and floating rate bonds."
Difference between floating charges and fixed charges?
Floating charges will change and fixed charges will stay the same. The stipulations should be detailed in the fine print or contract regarding the specific charges.
What is the difference between float and fix bearings?
Floating bearings can move on the shaft fixed bearings cannot. If you search on Youtube for 'floating bearing animation' there is a short video showing the difference.
What is the difference between assets and fixed assets?
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 best explains the difference between a fixed currency and a floating currency?
The price of a floating currency is determined by the currency exchange market while the price of a fixed currency is connected to the price of some other commodity.
What is difference between fixed asset and non current asset?
Current asset appears first in the balance sheet such as cash, accounts receivable and inventory. Fixed assets are those such as land, buildings, vehicles, furnitures, office equipments. In short, fixed assets are also known as non-current asset. It can also be known as capital assets or plant, property and equipment.
