5 Answered Questions for the topic Assets

05/15/19

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
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02/07/19

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
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Assets Balance Sheet

01/17/16

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
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Assets Finance

03/24/15

Journal Entry for purchasing an asset
ABC Company purchased a building for $2,850,000.00   At closing the following took place: Mortgage Loan Payable of $2,796,400.50 Security deposit from tenant $11,121.26 Real Estate Tax Credit... more
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Assets Liabilities

10/08/14

Don't understand this question? help!
a) When net worth increases from one year to the next, what is happening between the assets and liabilities (or, what does the change imply)?b) When net worth decreases from one year to the next,... more
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