Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what does liquidity mean for accounting purposes?

What does liquidity mean for accounting purposes? In what order should assets be listed on the...

70.2K

Verified Solution

Question

Accounting

What does liquidity mean for accounting purposes?

In what order should assets be listed on the balance sheet?

Can an account that is not listed in the chart of accounts beused to prepare journal entries? Why or why not?

What does posting to the general ledger mean?

What is the purpose of the trial balance?

Answer & Explanation Solved by verified expert
3.8 Ratings (485 Votes)
What does liquidity mean for accounting purposes Liquidity means that the liquid asset that pays the expense in a company but in accounting liquidity means that the ability of the debtor to pay the debt when they fall due In what order should assets be listed on the    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

different between MHC class 1 and MHC class 2 (Table)

Biology
1.2K views

A detailed description of the technology based on the solution .   A description on how it will...

Physics
1.2K views

Answer briefly the following. a) What is a primitive cell and write the basic simple cell names. b)...

Geometry
1.2K views

Answer Review Key Concepts Polygon interior angle sum theorem The sum of the measures of...

Basic Math
1.2K views

An astronaut is returning to Earth in a spacecraft. If the spacecraft is descending at...

Basic Math
1.2K views

Connie and Rashim have to survey 2500 homeowners. Connie can do the job alone in...

Basic Math
1.2K views

Devin is painting a cone shaped centerpiece for the school dance The centerpiece has a...

Statistics
1.2K views

Emma s On the Go a large convenience store that makes a good deal of...

Accounting
1.2K views

Wayland Manufacturing uses a normal cost system and had the following data available for...

Accounting
1.2K views

in 2018 marylin had total nom business income of $1250 her 2018 adjustment and deductions...

Accounting
1.2K views

Information from Zurich companys income statement is as follows: net income $15,600, depreciation expense $11,800;...

Accounting
1.2K views

2015 2014 Income statement: ...