Is cash an asset?

In short, yes—cash is a current asset and is the first line-item on a company’s balance sheet. Cash is the most liquid type of asset and can be used to easily purchase other assets. Table Of Contents: Is cash an asset?Which is not an asset? Is pension an asset? What are assets for a common … Read more

What are the 2 principles of taxation?

These are: (1) the belief that taxes should be based on the individual’s ability to pay, known as the ability-to-pay principle, and (2) the benefit principle, the idea that there should be some equivalence between what the individual pays and the benefits he subsequently receives from governmental activities. Table Of Contents: How many types of … Read more

Is deposit a prepaid expense?

Prepaid expenses are also considered assets and may include prepaid insurance, rent security deposits and prepaid inventory — a deposit made on inventory not yet received. Table Of Contents: Why fixed deposit is safe? What are the advantages and disadvantages of deposit? Is deposit negative or positive? What’s the difference between deposit and direct deposit? … Read more

Is my Coinbase account a wallet?

Coinbase Wallet is a self-hosted wallet that lets you take full control of your crypto, digital art, and more by storing them privately and securely on your own device. Table Of Contents: What is the minimum deposit for Coinbase? Is my SSN safe on Coinbase? How safe is Coinbase? Where does my money go when … Read more

What is it called when income is more than expenses?

When income for a period is greater than expenses, there is a budget surplusAn excess of available funds created when income is greater than the expenses.. Table Of Contents: Is rental income counted as earned income? What is it called when income is more than expenses?What is positive income elasticity? Is money an income or … Read more