Answer Posted / anshuman
An asset is an instrument that a company uses to generate
income, Assets can be fixed assets as in case of property,
building, machinery etc . Assets also comprise of the work
in progress, cash in hand, cash in banks, debtors and
investments.
In Banking terms assets are what a bank holds Or ows such as
Loans issued, government securities, Reserves etc.
Liabilities is what a company owes to the creditors such as
the deposits with a bank, creditors, prepaid installments etc.
Current assets are the assets which are easily available at
the disposal of the company within a time frame of 12 months
similarly the current liabilities are the obligation of a
company within the time span of 12 months.
Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
What is current CRR and SLR?
What is 'overdraft facility'?
What is the difference between commercial and investment banking?
What do you know about PPF Account? Do you have a PPF account?
compare cumulative & non-cumulative shares
What are the cyber security threats?
What do you know about International Monetary Fund?
These days Mutual Funds are common in the market. What do you know about them?
What are the different government policies towards unemployment?
how options are different than equities?
What is the benefit of nationalization on Indian Banks?
What is 'biflation'?
I am attending the interview in ICICI BANK i need the interview tips and questions
i hav been selected for gd-pi of icici po 2012 may batch. m looking for its interview questions. can ny1 help??
What do you know about PM Suraksha Bima Yojana?