Which of the following is not part of the definition of an asset Mcq?
Which of the following is not included in the definition of an asset
Capital contributed by the owner is a liability for the business and to be shown in balance sheet. Its not an asset.
Which of the following is not considered an asset classification
Answer and Explanation: D) Property is not classified as a current asset.
Which of the following is the correct definition of an asset
An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.
Which one of the following is not a current asset
Land
Land is regarded as a fixed asset or non-current asset in accounting and not a current asset.
Which one of the following is not an asset quizlet
**Accounts Payable is NOT an asset.
Which of the following is not the characteristic of an asset
The correct answer is option 4. It must have a physical substance. Explanation: As per the relevant accounting standards, there is no compulsion stating that to qualify as an asset, it has to possess a physical substance.
Which one is not an example of asset
Resources owned by a company (such as cash, accounts receivable, vehicles) are referred to as the Assets of a company but the loan which is taken is not an asset.
What are the 4 types of assets
Common types of assets include current, non-current, physical, intangible, operating, and non-operating.
What is the correct definition of assets quizlet
An asset is something of value that a business owns or controls.
What are 3 non current assets
Examples of noncurrent assets include long-term investments, land, property, plant, and equipment (PP&E), and trademarks.
What are 5 non current assets
Examples of noncurrent assets are noted below.Cash surrender value of life insurance.Long-term investments.Intangible fixed assets (such as patents)Tangible fixed assets (such as equipment and real estate)Goodwill.
Which are not an asset
Resources owned by a company (such as cash, accounts receivable, vehicles) are referred to as the Assets of a company but the loan which is taken is not an asset.
What is assets not in use
Unused assets (such as plants and machinery, lab or office equipment, and furniture and fixtures not in use) can be classified into four categories: idle, obsolete, missing, and scrap. Idle and obsolete assets may be either reusable or nonreusable.
What are non assets
Non-current assets are for long-term use by the business and are expected to help generate income. Non-current assets commonly include: long-term investments such as such as bonds and shares. fixed assets such as property, plant and equipment. intangible assets such as copyrights and patents.
What are the 5 main assets
There are five crucial asset categories: derivatives, fixed income, real estate, cash & cash equivalents, and equity.
What are the 5 types of assets
Common types of assets include current, non-current, physical, intangible, operating, and non-operating.
Which of the following statements is the best definition of an asset quizlet
Which of the following statements is the best definition of an asset Assets are resources owned or controlled by a company and that have expected future benefits.
Which of the following are classified as assets
Classification of Assets: Physical ExistenceLand.Building.Machinery.Equipment.Cash.Office supplies.Inventory.Marketable securities.
What are 4 non-current assets
Examples of noncurrent assets include long-term investments, land, property, plant, and equipment (PP&E), and trademarks.
What are 5 non-current assets
Examples of noncurrent assets are noted below.Cash surrender value of life insurance.Long-term investments.Intangible fixed assets (such as patents)Tangible fixed assets (such as equipment and real estate)Goodwill.