what is the simple definition of liquidity and equity.
Answer / ameet narayankhedkar
In accounting, we have 3 categories: Assets, Liabilities,
and Equity.
Equity is the difference between your Assets and your
liabilities.
Liquidity refers to how easy you can convert an asset into
cash.
EX:Houses would be illiquid and things like stocks are
probably more liquid
| Is This Answer Correct ? | 1 Yes | 0 No |
how to account branches in tally
How to group the companies in tally?
Where should tds received should show in balance sheet?
difference between provisions and reserves
Explain financial accounting.
what is the meaning of networking capital
prepaid expense ,how to treat in profit & loss a/c
what is excise duty and what should be the entry of purchase and sale in account books of excise
What is bad debt expense?
when a customer buys a good. we have to debit bank and credit inventory equaly. but wouldnt selling a good make a profit?
I have paid an advance for a supplier against delivery, Say Rs.500,on 20.2.2010. Later on 3.3.2010, I settle the balance of Rs.1500. How can i account this in tally?
loan a/c is blong to which a/c acc. to golden rule