Subjects>Law & Government>United States Government

Why is cash an asset?

Anonymous

∙ 13y ago

Updated: 8/19/2023

Balance sheet is always maintained as most liquid asset at the top, so as the cash is the most liquid asset of business that;s why it is shown right at the top before all other less liquid assets.

Wiki User

∙ 11y ago

What else can I help you with?

Is cash on hand an asset?

Cash on hand is an asset. It will be included as a current asset and is often called "petty cash"

Is cash a probatable asset?

Yes. Cash is a probate asset.

Is cash float an asset or income?

asset

Is Cash an asset or liability?

Asset.

Is cash revenue or asset?

Cash is an asset, shown on a company's balance sheet.

Is cash an asset or revenue?

Cash is an asset, shown on a company's balance sheet.

Is cash an intangible asset?

Cash is a tangible asset. Unlike something without tangible substance such as goodwill, cash is a hard or a tangible asset.

Is petty cash a asset or liability?

Petty cash is current asset and shown under cash in hand section of balance sheet in asset side.

Is received cash from issuing stock an asset?

Yes, cash received is an asset while stock issued is liability. Cash is asset because this cash now be use for the business benefit.

Cash at the bank as an asset and as a liability?

ASSET

If an asset increases is it an increase or decrease in cash?

if an asset increases, is it an icrease or decrease in cash?

Is cash a financial asset or a real asset?

financial-current asset