which of the following is not an asset course hero

Which is not a business asset but the owner's asset?

An owner’s equity is not a business asset but the owner’s asset. Answer: B Globalization is considered a capitalist way of authority that aims at converting local markets and hierarchical structures to a general, global market.

Is owner’s equity an asset?

Don't hesitate to ask questions and start discussions whenever you need professional advice. An asset is any commodity or item that has the potential of yielding returns for business owners in the future. An owner’s equity is not a business asset but the owner’s asset.

What is an asset in business?

An asset is any commodity or item that has the potential of yielding returns for business owners in the future. An owner’s equity is not a business asset but the owner’s asset.

Which of the following is not asset?

A., as loan (we owe) is either a short or long term liability not an asset.

Which of the following is not an asset for a bank?

The correct answer is option b. The government bonds held by a bank usually represent long-term investments whereas commercial loans are advances given to borrowers. Thus, reserves, government bonds, and commercial loans are assets.

Which of the following is not an asset a cash b inventory C Investments d owner's equity?

Answer and Explanation: The correct answer is b. owner's equity as explained below.

What are asset accounts?

Asset accounts are categories within the business's books that show the value of what it owns. A debit to an asset account means that the business owns more (i.e. increases the asset), and a credit to an asset account means that the business owns less (i.e. reduces the asset).

Which of the following are assets of a bank?

The assets are items that the bank owns. This includes loans, securities, and reserves. Liabilities are items that the bank owes to someone else, including deposits and bank borrowing from other institutions.

Which of the following is not an asset help by the commercial bank?

Advances to customers Was this answer helpful?

Which of the following assets is not considered a current asset?

The correct answer is c) Land used in daily operations.

Which of the following is an asset?

Cash and cash equivalents, certificates of deposit, checking, and savings accounts, money market accounts, physical cash, Treasury bills. Property or land and any structure that is permanently attached to it. Personal property—boats, collectibles, household furnishings, jewelry, vehicles.

Which is not an example of current assets?

Key Takeaways Noncurrent assets are long-term and have a useful life of more than a year. Examples of current assets include cash, marketable securities, inventory, and accounts receivable. Examples of noncurrent assets include long-term investments, land, property, plant, and equipment (PP&E), and trademarks.

What is not an asset account?

Cash. (Accounts Payable) Building. Equipment. **Accounts Payable is NOT an asset.

What are 3 types of assets?

Assets are generally classified in three ways:Convertibility: Classifying assets based on how easy it is to convert them into cash.Physical Existence: Classifying assets based on their physical existence (in other words, tangible vs. ... Usage: Classifying assets based on their business operation usage/purpose.

What are some examples of assets?

Examples of AssetsCash and cash equivalents.Accounts receivable (AR)Marketable securities.Trademarks.Patents.Product designs.Distribution rights.Buildings.More items...•

What are the principal assets of savings banks?

The primary types of assets on a bank's balance sheet include cash and deposits.

IS are considered a liability on a bank's balance sheet?

Checkable deposits are considered liabilities. On a bank's balance sheet checkable deposits refer to demand deposits against which drafts can be written. Demand deposits mean that the owner of the account can withdraw money when demanded without issuing a notice.

Which of the following would not be considered a part of the M1 money supply?

The following are NOT part of M1: currency in banks. currency and checkable deposits owned by the government. currency and checkable deposits owned by the Federal Reserve Banks.

What are financial institutions examples?

Here we take a look at these, from central banks to neighborhood banks and everything in between.Central Banks. ... Retail and Commercial Banks. ... Internet Banks. ... Credit Unions. ... Savings and Loan Associations. ... Investment Banks. ... Brokerage Firms. ... Insurance Companies.More items...

How are money market instruments differentiated?

Money market instruments are differentiated by how they attain maturity in less than a year. During this time, a customer is granted loans in exchange…. Following the law of demand, the downward slope signifies that following a decrease in the price or utility of a commodity, the demand for the commodity increases.

Is an asset a business?

An asset is any commodity or item that has the potential of yielding returns for business owners in the future. An owner’s equity is not a business asset but the owner’s asset.