What is mean by assets
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Answer / md salman
It is economic resource which owned bu the company give benefit in the expected feature
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Answer / md arif
assets means its our property which we have purchased but it is not sold
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examples of real accounts
parent company loss deduct from subsidiary company proft
6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
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Rent paid out of your personal cash 3000 SAR