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population is an asset for a country. population contains a huse demand, skillful workforce, and an advantage over other countries in terms of easily available and cheap labourforce. the only need is to make good use of this advantage by implimenting some good and wisefull policises........
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Want a paragraph on population is an asset to the economy rather than a liability?
buzz off!! no answers YET!!
What is net liability?
Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset
Is the word asset a negative word?
Most persons consider "asset" a positive rather than a negative word. This is always true in accounting, in which the negative of an asset is a liability or debt.
Is fees earned an asset or liability?
Fees earned is considered a revenue account rather than an asset or liability. It represents income that a business has generated from its operations, indicating that services have been provided or products sold. While it contributes to the overall equity of the business, it is not classified as an asset or a liability on the balance sheet.
Is rent paid expense an asset or liability?
Rent paid is typically considered an expense rather than an asset or liability. When rent is paid, it reduces the cash account (an asset) and is recorded as an expense on the income statement, reflecting the cost of using the rented space during that period. However, if rent is paid in advance, it may be classified as a prepaid expense, which is considered a current asset until the rental period occurs.
Population is an asset to the economy rather than a liability Explain?
yes, population can also taken otherwise... that is positive side.. as its knwn that Indian working population is about 402 million. and its estimated to grow upto 820 million by 2020. so potential work force is going to b double in next 12 years. moreover. huge population creates demand..and it is major indicator of economic growth.
Is retained earnings an asset or liability?
Retained earnings are neither an asset nor a liability; they are part of shareholders' equity on a company's balance sheet. Retained earnings represent the cumulative amount of profit that a company has reinvested in the business rather than distributed as dividends. They reflect the company’s ability to generate profit and are used to finance future growth and operations.
Is warranty is part of fixed assets?
No, a warranty is not considered a fixed asset. Fixed assets are long-term tangible assets, such as property, plant, and equipment, used in the production of goods or services. A warranty, on the other hand, is a guarantee provided by a seller or manufacturer regarding the condition and longevity of a product, and it is typically classified as a liability or a contingent liability rather than an asset.
Is a long term loan repayable in 6 years a non current asset or non current liability?
It is a loan repayable. Hence it is a liability. As the liability is for more than one year, it is non current liability.
Why owners equity is affected by the choice of particular asset and liability measurement practices?
Owner's equity is influenced by asset and liability measurement practices because these practices determine how the values of assets and liabilities are reported on the balance sheet. For instance, if an asset is measured at fair value rather than cost, it can lead to fluctuations in reported equity based on market conditions. Similarly, differing methods of liability measurement can alter the perceived financial obligations, impacting the net asset position. Ultimately, these choices affect the overall financial health and valuation of the business, thereby influencing owner's equity.
IS Allowance for bad debt an asset or liability?
Allowance for bad debt is a contra asset account, which means it is used to reduce the total amount of accounts receivable reported on the balance sheet. It represents the estimated amount of receivables that are expected to be uncollectible. Therefore, while it is associated with assets, it specifically serves to offset them rather than being an asset itself.
When should a lease be capitalized rather than expensed?
A lease should be capitalized rather than expensed when it meets certain criteria under accounting standards, such as ASC 842 or IFRS 16. Generally, this occurs when the lease transfers ownership of the asset to the lessee, includes a bargain purchase option, or has a term that covers the majority of the asset's useful life. Additionally, if the present value of lease payments exceeds a significant percentage of the asset's fair value, capitalization is required. Capitalizing the lease reflects it as both an asset and a liability on the balance sheet.
