Monetary assets include cash, accounts receivable and inventory. O accounts receivable and property, plant and equipment. accounts and notes receivable and inventory. O cash, accounts and notes receivable.

Q: When income is to be recognized on cash basis. by Safe Trust Bank, a distinction should be made…

A: In case of performing assets, the income should be recognised in accrual basis.  However, in case of…

Q: Provide the cash receipts and cash payments two examples which are fit into the following…

A: Cashflow Statement Consist of Three Activities:  1) Operating Activities 2) Investing Activities 3)…

Q: Differentiate cash from accrual method of reporting income and expenses.

A: The basic difference between accrual and cash basis accounting is about timing for recognizing…

Q: Revenue and Expense Accounts Are revenue and expense accounts equal to equity in how cash is a part…

A: Revenue: Revenues are earnings of business by sale of goods and services in business. It is earned…

Q: Describe the types of assetsthat are typically included under the heading “cash and cash…

A: Cash and cash equivalents include liquid assets such as time deposits, certificate of deposits, high…

Q: Identify the asset from the following? A. Cash and Cash equivalents B. Creditors

A: Something that will or already has economic worth to a business is referred to as an asset. All…

Q: Which of the following is a means of using receivables to obtain immediate cash?  a. Factoring b.…

A: Solution: "All of the above"  are means of using receivables to obtain immediate cash.

Q: Quick assets include cash,  temporary investments,  inventory,  and receivables.   True or false?

A: Quick assets: Quick assets refer to those assets that can be immediately and easily converted into…

Q: Transactions that affect the debit and creditof the following: A. Cash B. Accounts Receivable C.…

A: A credit is often positioned on the correct aspect of AN entry. It will increase liability, revenue…

Q: Which of the following is a method to generate cash from accounts receivable? a. Assignment b.…

A: Assignment of accounts receivable refers to the process where the account receivables are assigned…

Q: What is an account receivable? O a. Sales O b. Asset O c. Income O d. Creditors

A: Following is the answer to the given question

Q: Arrange the following items in current assets according to its liquidity:   A . Cash, Inventories,…

A: The company’s  generally  lists  the current assets according to its liquidity in order to  Knowing…

Q: The realizable amount of notes receivable is considered. a. Income b. all of the above c. Noncurrent…

A: A note receivable is also known as a promissory note. In other words Notes receivable are a balance…

Q: Indicate how to report cash and related items.

A: Accounting:   It is the process of recording the financial transactions of an organization and…

Q: Which of the following balance sheet items are commonly associated with the purchases and cash…

A: The balance sheet is one of the financial statements of a company, that is, prepared at the end of…

Q: Distinguish between cash basis and accrual basis of account.

A: Accounting: Accounting is an art of recording, classifying, analyzing and summarizing the financial…

Q: rrange the following current assets according to their liquidity, starting from the most liquid one:…

A: The current assets are those assets that are convertible into cash within the time period of one…

Q: All of the following may be included in cash except   a. currency b. checking account balance c.…

A: Cash is defined as the checks, bills, bank balances and coins and it is also used for acquiring the…

Q: Assets that can be easily converted into money without loss of value are Select one: O A. liquid. O…

A: Assets are pools of money that can be converted into cash money and can be used to liabilities.

Q: Quick assets include which of the following?     "Cash, prepaid rent, and receivables."     "Cash,…

A: Quick Assets include followings-

Q: The monetary unit assumption states that transactions that can be measured in terms of money should…

A: Accounting assumptions are the rules that help the entity to ensure that the business operations are…

Q: Current assets include all of the following: cash, inventory, equipment, supplies, and accounts…

A: Current assets: The assets which could be converted into cash within one year like accounts…

Q: During the annual audit of Garcia Company, you encountered the following account, entitled…

A: Current assets: An asset that converts into cash within a short period is called current assets.…

Q: In financial accounts, how are interfund transactions accounted for

A: An accounting firm's financial statements serve as concise summaries of its activities, conveyed…

Q: Villadores started his own general cleaning business in Batangas. The following are the business…

A: Accounts Payables: Accounts payable refers to the money due to a business's vendors, whereas…

Q: Which of the following assets—inventory, building, accounts receivable, or cash—is most liquid?…

A: The question is related to Classification of assets on the basis of short term solvency or…

Q: Please calculate the amount for cash and Accounts payable

A: Cash = Total Assets - (Accounts Receivable + Buildings + Equipment + Fixtures + Inventory + Land +…