CS601 ASSIGNMENT 2 SOLUTION SPRING 2022 GETCAREERALERT.COM

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A tangible asset that exists physically and can be seen or touched. Included as a constant As well as current assets.
Intangible assets without physical existence, such as goodwill, patents, and copyrights.

Fixed Assets – Plants:
Machinery, buildings, furniture, vehicles, and so on. Fixed assets are depreciated. Long Term Assets – Assets that mature after 12 months.

The month of the balance sheet date. For example, if a company has invested some money for two, If you have a savings plan of more than one year or have bought a savings bond with non-current assets.

CS601 ASSIGNMENT 2 SOLUTION SPRING 2022

CS601 ASSIGNMENT 2 SOLUTION SPRING 2022
CS601 ASSIGNMENT 2 SOLUTION SPRING 2022
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• Current Assets – Receivables expected to be received within one year. Balance sheet date. Accounts receivable, closing prices and any accrued income are examples of the present.

This is because the asset is expected to be received within an accounting period starting from the financial year.
balance sheet date. Years, when additional long-term assets are expected, will be carried forward This year’s current assets.

Classification of obligations:
Capital-Money invested by the owner of the company. Companies are obliged to return their money to the owner. We know that companies are treated separately from the company for accounting purposes. Owner. This is known as the concept of individual entities. That is, a company is a separate entity.

After the owner gives something (possibly in the form of money or other property) to the business, Not only do you have to return the money to the owner, but you also have to make some refunds for that amount.

Why do we treat equity (owner’s money) as debt?
Profit and Loss Account – Net Balance of Profit and Loss Account, i.e. Profit and Loss Figure It belongs to the owner. In our explanation of capital, we said that the company must provide a return to its owners. If you work now
If managed successfully, this yield becomes profit.

CS601 ASSIGNMENT 2 SOLUTION SPRING 2022
CS601 ASSIGNMENT 2 SOLUTION SPRING 2022

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