because no exact expense can be placed on it.
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False
to emphasize asset valuation
Which of the following is an activity of the Asset Accounting sub-process
Which of the following is an activity of the Asset Accounting sub-process
Which of the following is an activity of the Asset Accounting sub-process
Yes, land is considered an asset in financial accounting.
An asset will have benefits extending into the next accounting period
Yes, stock is an asset. Stocks are proof of a financial investment in a company, and therefore an asset in relation to accounting.
It is an asset.
asset = liability + owner's equity
closing entry of an asset means the adjustment entry we do on the last day of accounting year.
see the site. http://ccba.jsu.edu/accounting/BADDEBTS.HTML