answersLogoWhite

0

it is a valuable thing possessed by business is called assets. For exampl, Cash , Bank, Land & Building, Machinery, Account Receivable, Investment etc.

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

What factors contribute to the appreciation of an asset over time?

Several factors contribute to the appreciation of an asset over time, including supply and demand dynamics, economic conditions, market sentiment, interest rates, inflation, and the asset's intrinsic value and quality.


Is research and development an asset or liability?

International Accounting Standard 38 para 54 states that research must not be accounted for as an asset but rather expensed to the income statement. Paragraph 57 of the same standard allows development to be classed as an asset under certain conditions.


What is the estimated salvage value of a fixed asset?

1. Estimated salvage value is the amount which is expected to be received from disposal of fully depreciated asset after useful life of asset.


Is livestock in case of mixed farming fixed asset or current asset or wasting asset or tangible asset?

Tangible asset


Is cash vault a financial asset or a real asset?

real asset real asset


Is cash float an asset or income?

asset


What is fungible mean in Term of financial?

If an asset is fungible, then all that means is it has the same terms, conditions, and rights as other assets in the same pool. Hence, one asset can be substituted or exchanged for another asset freely. Eg, the additional issue of ordinary shares of a company are fungible to the ordinary shares that are currently issued in the market.


What is the formula for equity method?

dEBIT COST AS AN ASSET DEBIT EARNINGS IN ASSET CREDIT DIVIDENDS RECD IN ASSET dEBIT COST AS AN ASSET DEBIT EARNINGS IN ASSET CREDIT DIVIDENDS RECD IN ASSET dEBIT COST AS AN ASSET DEBIT EARNINGS IN ASSET CREDIT DIVIDENDS RECD IN ASSET


What is Asset Reconciliation?

Asset Reconcilation means reconcilation of asset, verifying the asset with the available cash.


Is cafe a current asset or fixed asset?

Current asset.


Is a desk a fixed asset or a current asset?

A fixed asset.


Is asset or liability?

asset