What is Asset and Liabilities?

Q: What is asset and liability management?

A: The process of ALM (Asset and liability management) is the process used to manage financial risks…

Q: normal balance of asset, liability, and equilt

A: The balance sheet shows the financial position of the company that including the assets,…

Q: What is debit

A: Debit is an entry recorded in the left side column of an account.

Q: are income and expenses included in the equity?

A: Lets understand the basics. Equity is a amount invested by the owner of the entity. In company, we…

Q: Which assets are included in the definition of current assets?

A: Current asset refers to the asset which can be easily converted to cash with a year. Current assets…

Q: Distinguish between assets and liabilities.

A: Step 1 Assets can be defined as the resources owned by the organization which is capable of…

Q: Difference between current assets and current liabilities.

A: Current assets are those assets which can be realized within short term period or less than one year…

Q: What do you mean by Assets, Liabilities, Capital, Revenues and Expenses?

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: Why does a balance sheet balance (assets = Liabilities + OE)?

A: Accounting is done on double entry system, in which we book any financial transaction into books at…

Q: What is return on assets(roa)?

A: In general terms, ROA is similar to  Return on Investment.

Q: What is tmes-Interest earned?

A: Times-interest earned: This ratio quantifies the number of times the earnings before interest and…

Q: What is an accrued expense? Provide an example.

A: Accrued expense: This is the expense incurred but not yet paid. It is treated as liability until the…

Q: n what way do assets differ from liabilities?

A: Solution: Asset is a resource owned by the business having some economic value with expectation of…

Q: WHAT IS CONTRACTUAL LIFE OF ASSETS?

A: An asset is a resource of economic value which is own by an individual and a company and provides…

Q: What is a balance sheet?

A: Balance sheet is the summary of balances of all the assets and liabilities of a business…

Q: What are Fixed assets?

A: The assets are classified as current assets and fixed assets. The current assets are the assets…

Q: What is the Total assets?

A: Computation of Adjusted  Assets  Particulars                                                Revised…

Q: Define a financial asset

A: A contractual financial instrument is classified into financial assets and liabilities. They are an…

Q: When is Profit and Loss Account made? Why?

A: Profit and loss account: profit and loss account also called an income statement. Every business…

Q: What is liquid asset?

A: A liquid asset can be described as the asset which can be sold into the market easily and can be…

Q: How do you treat net loss on a balance sheet?

A: Balance sheet: It refers to a financial statement that shows all the liabilities, assets, and…

Q: What does the balance sheet report?

A: A balance sheet is a financial statements which reports Assets, Liabilities and shareholders equity…

Q: Determine Total Assets value?

A: Introduction: Assets: Any resource having monetary value called as Assets. Assets are of two types…

Q: Which assets depreciate?

A: Depreciation means the loss in value of assets because of usage of assets , passage of time or…

Q: what is qualifying assets?

A: Manufacturing plants, power generation facilities and inventories requiring time to get into…

Q: Explain the concept of NORMAL BALANCE and how it works for assets, liabilities and equity.

A: Concept of NORMAL BALANCE : Generally, the most of the companies follows double entry method of book…

Q: What are the differences between assets and expenses

A: Definition of Assets: Properties or things owned by business

Q: What’s financial instrument

A: Financial instruments can be broadly divided into: a. cash instruments b. derivatives instruments

Q: What is Total assets ?

A: Assets are all kinds of resources owned by a person, company, or organization that help to generate…

Q: What is the accrual basis accounting?

A: Definition:   Accrued revenue: Accrued revenue refers to the revenues that are generated from the…

Q: what is asset? what is gross profit?

A: Financial statements: These are the financial reports prepared by an organization for a financial…

Q: what is financial statement? and other financial?

A: Financial statements apply to those statements which at the end of accounting period reflect on the…

Q: what is assets? what is non-current assets? what is current assets? what is equity? what is…

A: Since you have asked multiple questions, we will solve the first seveb questions for you. If you…

Q: Which of the following statements is correct? O Assets - Liabilities = Ownership interest O Assets +…

A: The basic accounting equation as per double entry system of accounting is: Assets = Liabilities +…

Q: ._______ It is the difference between a firm’s assets and its liabilities

A: An Asset is something owned and controlled by an entity that has some economic benefits.   A…

Q: normal balance of asset liability and equity

A: The balance sheet shows the financial position of the company that including the assets,…

Q: Total Assets value?

A: Total assets is the value of the assets which company is having at a particular date which company…

Q: what is liability? what is equity?

A: Accounting:   Accounting is the art of recording, classifying and summarizing in a significant…

Q: t is Asset-Accumulation

A: While the asset accumulation method maintains the familiar balance sheet structure, the business…

Q: What is accruals?

A: The answer is provided as follows:

Q: Is profit an asset or liability?

A: profit or income are generally classified under assets.