Source Of Assets

Source Of Assets

What is Source of Asset ?​

Daftar Isi

1. What is Source of Asset ?​


Answer:

Asset source is a transaction where an asset is generated by the company in exchange for providing a service, loan or credit, and/or equity. Asset use is a transaction when the company uses its asset to pay dividends or liabilities and/or incur expenses.

thank me laterr.


2. true or falseassets are the sources that the entity owns​


true or false

assets are the sources that the entity ownsAnswer:

true

true

Step-by-step explanation:

yan rin po sagut ko sna maka tulong❤️


3. discuss why assets must come from good and legitimate source​


Explanation:

Because asset is the best way to show our compassion and makes them feel worth-it. It should be come from good because financial accounting is a good source in creating good business.

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4. Fixed Assets. a.current asset b. non-current asset


Subject Economics

Answer:

The correct answer among the listed choices is letter b. Fixed Assets normally falls under the category of non-current assets since these assets not included in the current assets. Therefore, fixed assets will form part of non-current assets since these are long-term assets and not readily  are convertible to cash.

ASSETS

In accounting, assets are any resources with value owned by the business, company, entity or person. These are legally owned by the business or entity.  Assets have two categories, these are:

Current AssetsNon-current Assets

1. Current Assets

-these are assets that can be readily convertible to cash in a normal operating cycle of a business. Normal operating cycle is within 1 year.

Some Examples of Current AssetsCash and cash equivalentsAccounts receivableInventoryPrepaid ExpensesMarketable Securities/ Short-term Investments2. 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 InvestmentsGoodwillOther Assets

All fixed assets and intangible assets fall under the category of non-current assets.

Further related topics about assets and liabilities https://brainly.ph/question/2444697

What is the opposite of assets https://brainly.ph/question/1576108

For related topics about fundamental accounting equation https://brainly.ph/question/854284

Code: 11.11.3.8.

Answer:

b. non-current asset

Explanation:

In accounting, fixed assets are classified as a non-current asset as it is not wasily convertible to cash or its value is not usable or consumable within just a year or within the normal operating cycle of a business.

To know more about assets, just continue reading.

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Assets

In accounting, assets are the resources that a company owns and has monetary value.

Two types of asset:Current asset - assets that are usable or convertible to cash within a year or operating cycle of a business.Non-current asset - assets that can't be used or converted to cash within a year or operating cycle of a business.

Examples of current asset:Cash and cash equivalentsARSuppliesGoods-on-processInventories

Examples of non-current asset:LandEquipment/MachinesIntangible assets

#AnswerForTrees


5. Received cash from owner as additional investment, P600,000. A. decrease an asset, decrease owner’s equity B. increase an asset, increase a liability C. decrease an asset, decrease a liability D. increase an asset, decrease another asset E. increase an asset, increase owner’s equity


Answer:

e

Step-by-step explanation:

BC he gave u 600,000 BC for thank u to him

Answer:

E. increase an asset, increase owner’s equity


6. list down at least five example of the following: 1. Assets of the Business 2. Liabilities of the Business 3. Sources of Income 4. Expenses of the Business nonsense answer auto report ​


Answer:

1.assets of the business

-cash and cash equivalent

-account receivable

-invetory

-PPE (property, plant, and equipment

-envestment

2.liabilities of the business

-Bank debt.

-mortage debt.

-money owend to suppliers

-wages owned

-taxis owend

3.source of income

- tangible assets

- intanggible assets

- capital gains

-dividend

-interest

4. expenses of the business

-certain legal faces

-license and regulatory fees

-wages paid to cotract employees

-equipment rentals

Explanation:

WELCONE NAA GAD


7. 12. An asset is a resources owned bycompany. Which of the following bestdescribes a type of assets that lack physicalsubstance, but are still classified as assets?A. Current AssetsB. Non-Current AssetsC. Intangible AssetsD. Tangible Assets​


Answer:

I think A or C

Explanation:

thank me if im correct

Answer:

12. a

step by step explation;

hope it help


8. Which mynav module serves as the source for sales and delivery content, assets, and intellectual property across industries?


Answer:

[tex]Answer:

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9. if a current assets are 300,000 and the total assets are 900000 what percentage of total asset are current assets?​


Answer:

33%

Explanation:

Current Assets divided by Total Assets

= 300,000/900,000

= 33%


10. a business received 6,000 cash from charge customers to apply on account the effects of the transaction isa. an increase in an asset and a decrease in a liability b. an increase in an assets and decrease in an asset c. an increase in an asset and a decrease in a capital d. an increase in an asset and an increase in capital e. an increase in an asset and an increase in revenue ​


Answer:

Letter C

Explanation:

#share_is_caring


11. Intangible Assets. a.current asset b. non-current asset


Subject Economics

Answer:

The correct answer among the listed choices is letter b. Intangible Assets normally falls under the category of non-current assets since these assets not included in the current assets. Therefore, intangible assets will form part of non-current assets since these are long-term assets and not readily  are convertible to cash.

ASSETS

In accounting, assets are any resources with value owned by the business, company, entity or person. These are legally owned by the business or entity.  Assets have two categories, these are:

Current AssetsNon-current Assets

1. Current Assets

-these are assets that can be readily convertible to cash in a normal operating cycle of a business. Normal operating cycle is within 1 year.

Some Examples of Current AssetsCash and cash equivalentsAccounts receivableInventoryPrepaid ExpensesMarketable Securities/ Short-term Investments2. 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 InvestmentsGoodwillOther Assets

All fixed assets and intangible assets fall under the category of non-current assets.

Further related topics about assets and liabilities https://brainly.ph/question/2444697

What is the opposite of assets https://brainly.ph/question/1576108

For related topics about fundamental accounting equation https://brainly.ph/question/854284

Code: 11.11.3.8.

Answer:

B. Non-current asset

Explanation:

In accounting, intangible assets are assets that are usually not convertible to cash or not used up within a year or normal operating cycle of a company. Thus, being categorized as a non-current asset.

#AnswerForTrees


12. Other Assets. a.current asset b. non-current asset


Subject Economics

Answer:

The correct answer among the listed choices is letter b. Other Assets normally falls under the category of non-current assets since these assets not included in the current assets. Therefore, other assets will form part of non-current assets since these are long-term assets and not readily convertible to cash.

ASSETS

In accounting, assets are any resources with value owned by the business, company, entity or person. These are legally owned by the business or entity.  Assets have two categories, these are:

Current AssetsNon-current Assets

1. Current Assets

-these are assets that can be readily convertible to cash in a normal operating cycle of a business. Normal operating cycle is within 1 year.

Some Examples of Current AssetsCash and cash equivalentsAccounts receivableInventoryPrepaid ExpensesMarketable Securities/ Short-term Investments2. 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 InvestmentsGoodwillOther Assets

All fixed assets and intangible assets fall under the category of non-current assets.

Further related topics about assets and liabilities https://brainly.ph/question/2444697

What is the opposite of assets https://brainly.ph/question/1576108

For related topics about fundamental accounting equation https://brainly.ph/question/854284

Code: 11.11.3.8.

Answer:

B. Non-current asset

Explanation:

In accounting, the other assets is considered as non-current asset as it is not usable or convertible in cash in 1 year or operating cycle of the business

#AnswerForTrees


13. When a firm finances long-term assets with short-term sources of funding, it?


Answer:

The time interval between paying for raw materials and collecting on sales of finished goods made from those materials is known as the:

Cash conversion cycle

Explanation:

I hope it help


14. it represent one of the most important assets that most business process represent of the primary source of revenue for the company's shareholders owners​


A company's INVENTORY represents one of the most important assets it has because the turnover of inventory represents one of the primary sources of revenue generation and subsequent earnings for the company's shareholders.

#CarryOnLearning

Answer:

INVENTORY

Explanation:

represent one of the most important assets that most business process represent of the primary source of revenue for the company's shareholders owners​.


15. "Good speech is an asset" what does "asset" mean?​


Answer:

something having value, such as a possession or property, that is owned by a person, business, or organization.


16. Are plant assets current assets? Why or why not?


Answer:

No, plants and plant assets are not current assets. A current asset is any asset that will provide an economic benefit for or within one year. Plants are a part of the property, plants, and equipment, or PP&E, account. PP&E has a useful life longer than one year, so plants are considered a non-current asset.

Explanation:

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17. As the life of an asset is lengthened, the value of that asset increases.


Answer:

As the life of an asset is lengthened, the value of that asset increases. ... As the uncertainty about the expected cash flows increases, the value of an asset increases. An asset with an infinite life (i.e., it is expected to last forever) will have an infinite value.

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18. lots being rented and subsequently sold are classified as:liquid assetsfixed assetscapital assetsordinary assets​


Answer:

parang hindi yan math nouh


19. A revenue a. Leaves total assets unchanged b. Increases assets and liabilities c. Increases assets and owner’s equity d. Increases assets and decreases owner’s equity


Answer:

c.

Step-by-step explanation:

items or ammount constituting a state income

✨hope it help✨

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20. 1. When an entity/business pays employees for their services, the effect is an increase in a. Expenses b. Assets c. Income d. Liabilities 2. A withdrawal decreases the balance of a. Owner's Equity b. Assets c. Revenue d.. Expenses 3. An owner’s withdrawal a. Increases assets and owner’s equity b. Increases assets and decreases owner’s equity c. Decreases assets and owner’s equity d. Decreases assets and increases owner’s equity 4. Revenues should be recorded when a. They are earned b. A contract is signed c. Cash is received from the customer 5. All of the following affect the owner’s equity account except a. Original investment b. Payment of a liability c. Additional investment d. Withdrawal by the owner 6. Decrease in assets may a. Decrease another asset b. Decrease expenses c. Increase capital d. Decrease liabilities 7. Withdrawals by the proprietor has all the following effects except a. Reduction of total assets b. Reduction of owner's equity c. Reduction of profit for the period d. Reduction of cash balance 8. The sale (at cost) of an asset on credit a. Decreases assets and liabilities b. Leaves total assets unchanged c. Increases assets and liabilities 9. The acquisition of an asset on credit a. Increases assets and owner’s equity b. Increases assets and liabilities c. Decreases assets and increases liabilities d. Leaves total assets unchanged 10. The payment of a liability a. Decreases assets and owner’s equity b. Increases assets and decreases liabilities c. Decreases assets and increases liabilities d. Decreases assets and liabilities 11. The acquisition of an asset for cash a. Increases assets and owner’s equity b. Increases assets and liabilities c. Decreases assets and increases liabilities d. Leaves total assets unchanged 12. An investment by the owner in a business increases a. assets and owner’s equity b. Assets and liabilities c. Liabilities and owner’s equity d. Assets only 13. Which of the following items has no effect on the owner’s equity? a. Expense b. Withdrawals c. Land acquired d. Revenue 14. A revenue a. Increases assets and liabilities b. Increases assets and owner’s equity c. Increases assets and decreases owner’s equity d. Leaves total assets unchanged


Answer:

1.A

2.A

3.D

4.C

5.D

6.A

7.C

8.D

9.C

10.D

11.A

12.A

13D

14.C


21. Should assets be defined as total assets or net assets


Explanation:

Asset is your loading number it will run/ran like

1/30 (before)

10/30 (after)

It completes your load section


22. ___is a term for financial assets,such as founds held in deposit accounts and /or funds obtained from special financing sources


Answer:

CAPITAL

Explanation:

Capital is a term for financial assets, such as funds held in deposit accounts and funds obtained from special financing sources. Financing capital usually comes with a cost. The four major types of capital include debt, equity, trading, and working capita

Capital is a term for financial assets, such as funds held in deposit accounts and funds obtained from special financing sources. Financing capital usually comes with a cost.

23. The given is current asset Php100,00 and non current asset is Pho76,000.How much is the company's. Total assets ?


Answer:

PHP 176,000

Step-by-step explanation

learning is fun company had current assets amounting to Php 100,000. Noncurrent assets for the year totaled PHP 76,000.

How much is the company's total assets?

To compute the total assets of the company just simply add them

Current Assets + Non current asset = Total Assets

Php 100,000 + PHP 76,000 = 176,000

Carry on learning


24. Which of the following equation is incorrect? A. Assets - Capital = Liabilities B. Assets - Liabilities = Capital C. Liabilities + Assets = Capital D. Liabilities + Capital = Assets​


Answer:

A. ASSETS-CAPITAL=LIABILITIES

PA BRAINLIEST


25. What is the "contra-asset account" of Depreciable Asset? *​


Answer:

The most common contra asset account is Accumulated Depreciation. Accumulated Depreciation is associated with property, plant and equipment (plant assets). Accumulated Depreciation will be credited when Depreciation Expense is recorded.


26. 11.The owners withdraw cash for P10,000A. incincrease in asset= decrease in another form of assets. B.increase in assets= increase in capital C. decrease in asset = decrease in capital D. increase in assets=increase in liabilities ​


Answer:

c.decrease in assests = decrease in liabilities


27. 1.)is a motor vehicle an asset or a liability? -Liability -Asset 2.)is inventory an asset or a liability?-Asset-Liability 3.)Are accounts receivable an asset or liability?-Asset -Liability 4.)is a bank loan an asset or liability?-Liability -Asset 5.)A business is starting with 2,000,000.From the owner being deposited in the bank.which account is credited? -Retained earnings-Capital​


Answer:

assetassetassetliabilityi dont no

Explanation:

sorry sa 5:(


28. In which of the following cases can the accounting equation be rewritten?a. Assets + Liabilities = Equityb. Assets – Liabilities = Equityc. Equity – Assets = Liabilitiesd. Equity + Assets = Liabilities


Answer:

ASSET=LIABILITIES+EQUITY (ORIGINAL FORM OF ACCOUNTING EQUATION)

Explanation:

THE ANSWER IS LETTER B. ASSET-LIABILITY=EQUITY.

#AnswerForTrees


29. Which of the following is not non-current asset account?Tax expenseFixed assetsIntangible assetsCopy right​


Answer:

fixed assets

Explanation:

did ko Po sure so if Im correct pa brainliest pls


30. 12.Paid electricity bills for 7500 in cashA. decrease in assets = decrease and capital B. increase in assets = increase in liabilities C. increase in assets = decrease in another form of assets D. increase in assets= increase capital​


Answer:

c. increase in assests = decrease in another form of assests


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