Cash a. asset
b. liability
c. equity
d. revenue
e. expense

Answers

  • Réponse publiée par: jemuelpogi
    CASH

    Assets: Defined as the economic resources which are owned by a business and are expected to benefit future operations.

    Description of cash in accounting​ read more on:

    Assets: the first element of accounting equation.

    Classification of Assets

     Current Assets: This includes cash and other assets which can easily be converted into cash, sold, or consumed during normal business operation.

     Plant or fixed assets: a non-current asset that is more or less permanent in nature, not for sale and exclusively for business use only and has physical existence.

    Current Asset Accounts Include:

    1.Cash

    2.Accounts Receivable

    3.Inventory

    4.Notes receivable

    5.Interests receivable

    6.Allowance for bad debts

    7.Merchandise Inventory

    8.Prepaid Expenses

    9.Supplies on hand

    Fixed Asset Accounts Include:

    1.Land

    2.Building

    3.Equipment

    4.Delivery Equipment

    5.Accumulated depreciation

    6.Tools

    A

    A cash is an asset.  This is the most liquid asset of the business. This indicates that a business can pay it's obligations on time. When cash is received it is recorded during the period they are received.

    What is cash on bank? read more on:

  • Réponse publiée par: kateclaire

    Explanation:

    The following journal entry examples in accounting provide an understanding of the most common type of journal entries used by the business enterprises in their day to day financial transactions. Passing the journal entries is very much required as they allow the business organization to sort their transactions into manageable data. It is basically the summary of debits and credits of financial transactions with a note of which accounts these financial transactions will affect maintained in the chronological order.

  • Réponse publiée par: homersoncanceranguiu

    Qs= -100+20p

    5-0

    10-100

    15-200

    20-300

    25-400

    30-500

    Qs=0+5P

    2-10

    4-20

    6-30

    8-40

    10-50

Connaissez-vous la bonne réponse?
Cash a. asset b. liability c. equity d. revenue e. expense...