Bills Receivable – Meaning, Endorsement, Characteristics, and Journal Entries
Meaning: Bills ReceivableBills receivable is a document or a bill of exchange that is generated when the seller sells some goods on credit to… Read Article
Assets
Capital Expenditure Formula
What is Capital Expenditure?Capital expenditure is any expenditure that is done for purchasing, developing, or maintaining a fixed asset. Such assets should have a… Read Article
Capital Expenditure Accounting
What do we mean by Capital Expenditure Accounting?Capital expenditure is the expenditure for buying long-term fixed assets in an organization. The expenditure can also… Read Article
Physical obsolesces, Meaning, Types and Methods
Meaning of Physical obsolesces:Obsolesces negatively affect the value of the property. In other words, it reduces the value of the property. Further, obsolesces are… Read Article
Physical Deterioration – Meaning, Categories and More
What is Physical Deterioration?Physical deterioration is the most obvious wear and tear to an asset because it is visible. An asset witnesses such deterioration… Read Article
Fixed Asset Schedule: Meaning, Elements, Format and Benefits
Fixed Asset Schedule: MeaningA Fixed Asset Schedule is an integral part of the annual accounts of the company that includes a list of all… Read Article
Intangible Assets
Meaning of Intangible AssetsIntangible assets are those assets that have no physical identity or presence. And therefore, one can not touch or see those… Read Article
Net Book Value
Meaning of Net Book ValueThe term ‘Net Book Value’ or NBV refers to the net value of assets reported by the company on its… Read Article
Tangible Assets – Meaning, Importance, Accounting and More
Tangible Assets or hard assets are very crucial for carrying out business operations. They are the main type of assets for any company that… Read Article
Carrying Value – Meaning, Examples and More
Carrying value, or the carrying amount, or the book value, is the value of assets based on figures in the balance sheet. It is… Read Article
Liquid Assets
Meaning of Liquid AssetsLiquid assets are those assets that are equivalent to or as good as cash. In other words, these are assets, the… Read Article