4 Answered Questions for the topic Assets
What is the difference between equity and assets?
I am (going to be) using GNU Cash, which uses the double-entry method; I use it for personal finance. Reading various tutorials for GNU cash, it lists 5 types of accounts: income, expense, assets,... more
Fiance mathematics question
An asset is known to appreciate in value by 21% (simple interest) per year. It was purchased on May 1, 2012. If it was worth $90 000 at the end of 2012, how much was it worth when it was... more
Accounting Question for a Balance Sheet
I'm doing current assets on a balance sheet. It wants the assets in order of liquidity. I know cash is #1 but what order does it come in after that? Here are my options: #1: Cash Accounts... more