Ang mekanismo ng pamamahagi ng pinagkukunang-yaman, produkto, at serbisyo
Yes, Inventories are an example of asset. Inventories are considered an asset because it is an important resources with value owned by a business or entity to operate. Inventories normally falls under the category of current assets since it can be expected that raw materials and finished goods can be sold within normal operating cycle of business.ASSETS
In accounting, assets are any resources with value owned by the business, company, entity or person. Assets have two categories, these are:Current AssetsNon-current Assets1. Current Assets
-these are assets that can be readily convertible to cash in a normal operating cycle of a business.Some Examples of Current AssetsCash and cash equivalentsAccounts ExpensesMarketable Securities2. Non-current Assets
-these are long-term assets or long-term investments that have a longer useful life that is usually more than 1 year. Not easily convertible to cash.Some Examples of Non-Current AssetsLandProperty, Plant and EquipmentTrademarksLong-term InvestmentsGoodwill
All fixed assets and intangible assets fall under the category of non-current assets.
What is the opposite of assets
Define Sales and Inventory System
For related topics about accounting equation
globalization connects us to other countries. we exxhange resource to toher countries.
even theyre religion, way of living, and those Kpops are all Globalization