ASSET AND PAYABLE

English Course

1. ASSETS:

CURRENT ASSETS

A balance sheet item which equals the sum of cash and cash equivalents, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that could be converted to cash in less than one year. A company's creditors will often be interested in how much that company has in current assets, since these assets can be easily liquidated in case the company goes bankrupt. Current assets in the accounting sense is the type of assets that can be used in the near term, usually one year. Examples of current assets include cash, accounts receivable, short-term investments, inventories, and prepaid expenses. On a balance sheet, assets are usually classified into current assets and non current assets. Comparison between current assets and current liabilities is referred to as the current ratio. This value is often used as a measure of the liquidity of a company, the company's ability to meet its short-term obligations.

FIXED ASSETS

All costs can be traced back to the fixed asset. To record the value of a fixed asset and for depreciation calculations, include all expenses involved in the acquisition of the fixed asset in the cost figure. These costs include items such as delivery expenses, import duties incurred on transportation, installation fees and any architect's fees. A fixed asset can be defined as a long-term tangible property piece owned by a firm and used for the purpose of income-generation. A fixed asset is not expected to be consumed or converted into cash before a time period of one year. Fixed assets are, sometimes, as a group, referred as “plant”. Some good examples of fixed assets include real estate, buildings, equipment, and furniture. However, intangible long-term assets like patents and trademarks are not treated as fixed assets but are referred as “fixed intangible assets”.

2. PAYABLE:

LONG-TERM DEBT

Long-term debts are financial obligations and loans lasting longer than one year. A company must report long-term debt on its balance sheet with its date of maturity and interest rate. 

Bonds and debt obligations with maturities greater than one year are examples of long-term debt. Other types of securities, including short-term notes and commercial papers usually are not long-term debt because their maturities typically are shorter than one year.

SHORT-TERM DEBT

An account shown in the current liabilities portion of a company's balance sheet. This account is comprised of any debt incurred by a company that is due within one year. The debt in this account is usually made up of short-term bank loans taken out by a company. The value of this account is very important when determining a company's financial health. If the account is larger than the company's cash and cash equivalents, this suggests that the company may be in poor financial health and does not have enough cash to pay off its short-term debts. Although short-term debts are due within a year, there may be a portion of the long-term debt included in this account. This portion pertains to payments that must be made on any long-term debt throughout the year.

KALIMAT INTERROGATIVE DAN NEGATIVE :

1. -Positive: This portion pertains to payments that must be make any long-term debt throughout the year.

    -Negative: This portion pertains to payment that doesn’t must be make any long-term debt throughout the year.

    -Interrogative: Does this pertain to payment that must be make any long-term debt throughout the year.

2. -Positive: Current assets in the accounting sense is the type of assets that can be used in the near term, usually one year.

    -Negative: Current assets in the accounting sense doesn’t the type of assets that can be used in the near term, usually one year.

    -Interrogative: Does current asset in the accounting sense the type of asset that can be used in the near term, usually one year.

3. -Positive: Assets are usually classified into current assets and non current assets.

    -Negative: Assets aren’t usually classified into current assets and non current assets.

    -Interrogative: Are assets usually classified into current assets and non current assets ?

4. -Positive: This value is often use as a measure of the liquidity of a company.

    -Negative: This value isn’t often use as a measure of the liquidity of a company.

    -Interrogative: Is this value is often use as a measure of the liquidity of a company ?

5. -Positive: All costs can be traced back to the fixed asset.

    -Negative: All cost doesn’t can be traced back to the fixed asset.

    -Interrogative: Does all cost can be traced back to the fixed asset ?

6. -Positive: To record the value of a fixed asset and for depreciation calculations.

    -Negative: To record doesn’t the value of a fixed asset and for depreciation calculations.

    -Interrogative: Does to record the value of a fixed asset and for depreciation calculations ?

7. -Positive: A fixed asset can be defined as a long-term tangible property piece owned by a firm and used for the purpose of income-generation.

    -Negative: A fixed asset doesn’t can be defined as a long-term tangible property piece owned by a firm and used for the purpose if income-generation.

    -Interrogative: Does a fixed asset can be defined as a long-term tangible property piece owned by a firm and used for the purpose of income-generation ?

8. -Positive: A fixed asset is not expected to be consumed or convert into cash before a time period of one year.

    -Negative: A fixed asset is expect to be consume or convert into cash before a time period of one year.

    -Interrogative: Is a fixed asset not expect to be consume or convert into cash before a time period of one year ?

9. -Positive: A company must report long-term debt on its balance sheet with its date of maturity and interest rate.

    -Negative: A company doesn’t must report long-term debt on its balance sheet with its date of maturity and interest rate.

    -Interrogative: Does a company must report long-term debt on its balance sheet with its date of maturity and interest rate ?

10. -Positive: The debt in this account is usually make of short-term bank loans taken out by a company.

     -Negative: The debt in this account isn’t usually make of short-term bank loans taken out by a company.

     -Interrogative: Is the debt in this account usually make of short-term bank loans taken out by a company ?