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Is fixed deposit an asset?

Yes. An Asset is something that has a value and can be sold/converted to cash.


What does asset mean what does asset mean?

asset is anything that appreciate in value over a period of time


Are buildings assets?

yes. anything that has value is an asset.


Is a house considered a liquid asset?

No, a house is not considered a liquid asset because it is not easily and quickly converted into cash without significantly affecting its value.


What is the meaning of asset in oracle apps?

it is an economic resource.. something that whose ownership of value that can be converted to cash.


Anything of value owned by the business?

Anything of value that is owned by a business is called an asset. This includes property, equipment, stock, or bonds.


Is The book value of a fixed asset reported on the balance sheet represents its market value on that date?

It is false that the book value of a fixed asset reported on the balance sheet represents its market value on that date. Fixed assets are also known as tangible assets.


What is the value of n in 8 equals 12?

8 = 12 is FALSE. So, the value of n, in a false statement can be anything at all.


The difference between current asset and non current asset?

Current asset is primarily a cash or anything that will be converted into cash in period no longer than 12 months. This could be for example a stock in your storeroom which you may process and sell, the money you collect from your debtors (as recorded in Accounts receivable), etc. Non current asset (also called fixed assets) is anything of monetary value that represents future benefit to the business for period no shorter than 12 months. Examples are land, building, car, machinery, plant and equipment.


The book value of an asset is the same as market value of the asset?

Book value of an asset is the value which is shown in books of accounts while market value of asset is the value which is currently same asset is selling in market so both of these values are not same but it can be same but normally they are not same.


Is office equipment an asset?

Yes, anything of value the company owns is an Asset. Office Equipment is generally classified as a Long-Term Asset or more commonly PP&E (Property, Plant, & Equipment).


In balance sheet what is current assets?

Current assets are things which have monetary value and could be converted to cash in the short term e.g. stocks, cash, debtors. They would normally be things which could be converted to cash within 6 months. Anything longer than this would be considered a long term asset.