Which of the following is an example of a non-liquid asset? Accounts Receivable O Raw Material Inventory O Cash O Common Stock

Q: How is a financial statement under IFRS different from

A: Solution- In IFRS you need to provide Other Comprehensive Income Statement also in addition to…

Q: d o

A: The correct answer is  C) Traffic speed of suppliers

Q: What may be included under the heading of “cash”?

A: Current assets: Current assets are those assets owned by the company that can be convertible into…

Q: What do you mean by tangible real accounts and intangible real accounts?

A: Real Account :Real Accounts are the ones that are related with properties, assets or possessions.…

Q: Whether Cash is a asset or equity

A: It is pertinent to note that an asset is a resource that is controlled by an entity from which…

Q: What is removed from current assets in order to calculate the Quick Ratio? marketable securities…

A: Quick ratio = (Total current Assets - Inventory) / Total current liabilities

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: What are the characteristics of financial instruments

A: Financial instruments are financial assets which can be traded in the financial market. Financial…

Q: Is Capital debit or credit?

A: As per Business Entity concept Business is treated as an entity which is different from Proprietor.…

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: 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: What is accural vs cash basis accounting. Explain with examples?

A: Cash Accounting: A form of accounting in which receipts are reported during the period in which they…

Q: The balance sheet account that is usually reported at its fair market value is: a. Short-term…

A: The assets can be classified fixed assets and current assets. The assets are recorded in balance…

Q: What does mean "Marketable securities" in the current asset of a balance sheet?

A: Current Assets are those assets from which the organization can derive economic benefits within one…

Q: he Revaluation Reserve Account should be accounted for as part of a. Assets b. Liability c.…

A: Equity - Equity is a that portion of company's balance sheet that includes amount invested by the…

Q: How do you decide the liquidity order (what asset come before the other...expenses vs prepaid vs…

A: Classified balance sheet: The main elements of balance sheet assets, liabilities, and stockholders’…

Q: Which of the following is NOT a financial asset?

A: Financial Asset: These are the liquid assets that derive their value from ownership rights. These…

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: What is the relationship between current assets and currentliabilities?

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

Q: What is Asset and Liabilities?

A: The balance sheet is the financial statements of the business which displays the assets and…

Q: hich of the following is NOT a financial asset?

A: An asset is belongings or the resources of an individual, corporation, or country with the…

Q: What Are Liabilities and Equity?

A: includes assets, liabilities, equity (equity), short-term loans, long-term loans, and other relevant…

Q: Where do current assets and current liabilities come from?

A: Current Assets = Cash + Supplies + Prepaid Insurance Current Liabilities = Creditors + Salary…