Which of the Following Is Not a Current Asset

Current assets include cash and cash equivalents accounts receivable marketable securities prepaid expenses debtors etc. Cash in hand Cash at bank Debtors Creditors.

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Which of the following is not an asset.

. Marketable Securities Indicates a firm ability to quickly liquidate assets to pay off current debts. See what the community says and unlock a badge. Non-current assets have a useful life of more than one year and it means the business intends to use an asset for more than.

Qualitiescharacteristics of the non-current assets. Land building and plant. Which of the following is not a current asset.

Which of the following is not a current asset. Average Current Assets Aggregate Assets for Current Year Aggregate Assets for Preceding Year 2. See what the community says and unlock a badge.

Which of the following journal entries would be recorded. Which of the following is not a current asset of a chemical company. Furnishing and Equipment c.

Some other formulas that are based on total current assets formula are represented below. Which of the following would not be classified as a current asset. Acquired 500 worth of supplies on credit.

A contra asset account has what type of balance. QN105 Which of the following would not be classified as a current asset. Loan of A is definitely is not an asset its a liability and recorded on credit site of the Balance Sheet.

A EquipmentB Prepaid insurance C CashD Accounts receivable Answer. Debt-to-assets ratio O b. An amount owed to a state or local government.

Which of the following is not an asset. Property Plant and Equipment PPE PPE are long-term physical assets that are an important part of a companys core operations and they are used in the production process or sale of other assets. Loan from A it is basically a long term liability.

Which of the following would NOT be a current asset. 4- Loan from Mr. - a Cash in hand - b Cash at bank - c Debtors - d Creditors - Financial Management and Planning Multiple Choice Question- MCQtimes.

1 Useful life is more than one year. Which one of the following is not a current asset account a Cash b Marketable short-term securities. Debit supplies credit cash b.

Payroll Accounting Accounts Payable Accounts Receivable Finance. 45-22 Which of the following is NOT a current asset. Wrong - Your answer is wrong.

The assets come in a physical form and they are not easily converted to cash or liquidated. Depreciation on fixed asset is charged based on. Which of the following would not be classified as a current asset.

Which of the following are Non-current assets. Current assets is a balance sheet account that represents the value of all assets that can reasonably expected to be converted into cash within one year. In a semiconductor which of the following carries can contribute to the current.

This preview shows page 46 - 50 out of 66 pages. StrategicCritical ThinkingAICPA Functional Competencies. Correct - Your answer is correct.

Examples include Cash Supplies and Inventory. Loan from Mr. The following are some examples of non-current assets.

Here are the characteristics of the non-current assets. Which of the following is not a current assets. Inventory Current assets are cash and assets expected to be turned into cash or used up within one year.

1Inventory 2Prepaid Insurance 3. Acid test quick ratio. Prepaid Insurance O b.

All of the above. Question added by Majid Wangade Senior Accountant KANTOUR LIMITED COMPANY Real Estate Construction and Asset Management. Debit cash credit supplies c.

Lets discuss the main qualitiescharacteristics of non-current assets. Which of the following is not a current assets. All of the above.

Register now or log in to answer. 1 Answer to 1. Which one of the following is not a typical current liability.

Which of the following is not a current asset. It is readily converted into current liability. Analytical Skills AICPA Business Perspective Competencies.

In a semiconductor which of the following carries can contribute to the current. Asset turnover ratio O d. 1 Answer to 1.

Solved Answer of MCQ Which of the following is not a current asset. A as loan we owe is either a short or long term liability not an asset. Total current asset is the aggregate of all cash prepaid expenses receivables and inventory on the companys balance sheet.

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