Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Define Current assets?
Current assets are cash and other assets that a business is able to convert to cash or uses up in a relatively short period one year or one operating cycle whichever is longer. An operating cycle is the time it takes to begin with cash buy necessary items to produce revenues (such as labour, materials, supplies and/or finished goods) sell services or goods and receive cash by collecting the resulting receivables. Companies in merchandising industries and service industries generally have operating cycles shorter than one year. Companies in some manufacturing industries such like distilling and lumber have operating cycles longer than one year. But since most operating cycles are shorter than one year the one-year period is typically used in identifying current assets and current liabilities. Common current assets in a service business include marketable securities, cash, accounts receivable, notes receivable, interest receivable and prepaid expenses. Note that on a balance sheet current assets are in order of how effortlessly they are convertible to cash from most liquid to least liquid.
Q. What do you mean by depreciable asset? A depreciable asset is a manufactured asset such like a building, vehicle, machine or piece of equipment that provides service to a bu
Q. Dependability of information? Additionally to being relevant information must be reliable to be useful. Information has reliability when it faithfully describes for users wh
what is the basic meaning of debit and credit
i need help with predisco
ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account. elaborate on the statement and explain why journal is neces
Q. What is periodic inventory procedure? In the periodic inventory procedure the Merchandise Inventory account is updated periodically subsequent to a physical count has been m
Q. Comparability in accounting information? When comparability exists reported similarities and differences in financial information are real and not the result of differing ac
Prepare a trial balance All account names would be listed in left-hand column. Place the account balance in appropriate debit or credit column for those accounts which have
Liquidity refers to a company's cash position, availability of resources to meet short-term cash requirements, and overall ability to obtain cash in the normal course of business.
does immaterial items have to be recorded
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd