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Tag Archives: goods
What are Current Liabilities?
A current liability is the opposite of a current asset. It is a financial obligation which a company is expected to have to discharge within a short period of time, sometimes formally defined as one year or the current financial … Continue reading
Posted in Accounting
Tagged account, Accounting, asset, bank, bankruptcy, Business, definition of current liability, finance, financial, fine, goods, interest, introduction to current liability, loan, Loans, money, payment, profit, services, what is current liability
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What are Current Assets?
A current asset is a highly liquid asset which is expected to be used up within a short period time. Examples of current assets include cash, inventories of goods, accounts receivable ( in other words, invoices which have been issued … Continue reading
Posted in Accounting
Tagged account, Accounting, asset, car insurance, credit, credit card, debt, definition of current asset, finance, financial, goods, Insurance, interest, introduction to current asset, mortgage, profit, services
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What is Asset?
In accounting terms, an asset is an economic resource controlled by a company which is expected to produce benefits to the company in future. Assets are categorized as either current assets or long-term assets. Current assets are assets whose value … Continue reading
Posted in Accounting
Tagged account, accountant, Accounting, asset, Business, debt, definition of asset, economic, finance, financial, goods, introduction to asset, wealth, what is asset
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