0
What are the differences between fixed assets and other assets in terms of their characteristics and accounting treatment?
Fixed assets are long-term assets that are used in the operations of a business, such as buildings and equipment, while other assets are typically short-term assets like cash and inventory. Fixed assets have a physical form and are not easily converted to cash, while other assets are more liquid. In terms of accounting treatment, fixed assets are recorded on the balance sheet at their historical cost and depreciated over their useful life, while other assets are typically recorded at their current market value.
What else can I help you with?
What are the differences between economic and accounting concepts of cost?
The economic concept of cost considers both explicit costs (such as wages and materials) and implicit costs (such as opportunity costs and owner's time). Accounting concept of cost focuses mainly on explicit costs and is used for financial reporting and tax purposes.
The differentiate between the economics and accounting?
There is a huge difference between the 2. Accounting is the process of managing money while making analytical decisions about money. Economics is the study of incentives i.e. how and why things are produced and to whom it is produced
What are differences between public enterprise and private enterprise?
check your answer
Differences between Primary and selective Demand?
different from channel
What are the differences between the 3 economies?
That depends on what three 'economies' you are talking about.
What are the differences between direct cost and indirect cost in management accounting.?
what are the differences between direct cost and indirect cost in financial accounting
What are two differences between large business accounting and accounting for small businesses?
none
What are the differences between Indian accounting standards and U.S. accounting standards?
Here is a link to a great paper by from the SEC , outlining the major differences in International Accounting Standards.
Is there significant differences exist between accounting standards issued by the fasb and the iasb?
no
What are similarity between manual and computerized accounting?
Differences include: *Speed *Cost *Back up
What is the differences between manual computerized accounting systems for a service business?
A manual accounting system is a method of processing accounting functions with pencil and paper. A computerized accounting system allows accounting professionals to compute accounting tasks with a computer.
What is the difference between a diploma in accounting and a bachelor of accounting?
One of the differences is that a diploma in accounting from a certified institution will make you an "Assistant Accountant". Also you cannot be an auditor with a diploma. ~G
Differences between public sector accounting and private sector accounting?
The difference between public sector and private sector is that when you're in the public sector you work for the government whereas private sector is not. Same applies to accounting.
What are the differences between Indian Accounting Standards and International Accounting Standards?
Indian accounting standards are developed by Indian board and only applicable in India while international accounting standards are developed by International Accounting standard board and applicable to all countries.
What is the principal concern with accounting for related party transactions?
Differences between economic substance and legal form.
What is the difference between Synthetic method and Analytical method in Branch Accounting?
What are the differences between analytic and synthetic cubism?
What are the differences between accounting system and accounting information system?
accounting is a interesting field and it is a business transaction and preparation financial statements and accounting information system it is a system of information provides.because of information provides the management can control a business. writer, sakibrubel
