what is the simple definition of liquidity and equity.
Answer Posted / ameet narayankhedkar
In accounting, we have 3 categories: Assets, Liabilities,
and Equity.
Equity is the difference between your Assets and your
liabilities.
Liquidity refers to how easy you can convert an asset into
cash.
EX:Houses would be illiquid and things like stocks are
probably more liquid
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What does the investment of personal assets by the owner will do?
why are accounting firms needed?
how to reduce the interesting giving to debts ?
Other accounting interview questions to expect when you interview for an accountancy job include:
What are control ledgers?
Please explain the difference between provision and reserve?
What is cost accountancy? What are the objects of cost accountancy?
in Sensex and Nifty, what is the measure to take the points
shares convert into share capital what is the journal entry? how many ledgers need to create?
how to caluclate tds from emloyees and others
what is a state cheque? how it differes from stale cheque?
hi friends, i have simple doubt if we completed this financial year that is 2009-10 march. after that we will file it period of oct-2010.so from apr-2010 that is new f.y.what we take the opening balances without filing how can we know the exactly figures?
shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?
i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD
consultancy charges receivable Rs 30000 from abc & co. tds receivable 3000