Interested to Buy Any Domain ? << Click Here >> for more details...
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
Does the president have the power to allocate funds,without Legislative approval, to be used directly by individual companies?
What is an NPA?
What is ‘crossed cheque’? Explain
If I Am Going Through A Divorce How Will My Ex-spouse Filing Bankruptcy Affect Our Divorce Settlement?
How often do you use social networking sites?
Define PLR?
What is the difference between Banks and NBFCs (Non Banking Finance Companies)?
How will you differentiate between revenue deficit and fiscal deficit?
What is debtors turnover ratio? What propositions should be kept in mind while working with them?
How Will The Stress Test Results Be Factored Into The Srep?
What motivates you to do your best while working?
Mention what are the responsibilities of a property or casualty actuary?
What are the services generally provided by a bank's branch?
What is the full form of NABARD and its role?
I'll have a very formal phone interview. what's my opening line? i am the one being interviewed, once i dial his office#, how should i open? "good morning, this is ***, I am calling to have my interview???" does it sound formal and polite enough?
