what is asset in accounting

Answer Posted / hamsa

an asset may be tangible or intangible that is being carried away by the company to show its financial ability

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?

655


What is process of Vendor Reconciliation and which items will be Add and Less from ad per customer books likes step by step 1-Credit Note shown in vendor a/c but not booked in our a/c- Add or Less 2-Debit Note not shown in vendor a/c but booked in our a/c - Add or Less 3-Invoices not booked in our a/c but shown in vendor a/c- Add or Less 4-Payment booked in our books but not shown vendor- Add or Less If our balance is plus or minus rules is same. like 20000, (-20000) Sir, Provide your mobile n for clarify

1240


Tell me what are things will not be included in bank reconciliation statement?

647


what is the deference between depreciation explanation

1706


Where do we create House banks and what is the process in sap fico

967






what is the entry of credit card received excess amount entry in tally and their under group names

874


Where should tds received should show in balance sheet?

618


could i know how to accounting lease intrest ?

1492


What is the general net worth percentage banks will observe while sanctioning the Loans for Tranding, Construction and Manufacturing units.

1473


For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?

1374


What is the TDS rate in Maharastra, Tamil Nadu, Karnakata,Odisha & West Bengal. What is about Profession Tax.

1406


What do we mean by Redemption of shares and debentures?

1892


What entry to be passed for Duty draw back as receivable

1417


What are the 4 types of ppe?

707


what is book building

1781