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The term current financial resources refers to?
Current financial resources refer to the assets or funds that are readily available for use in the present time. These may include cash, bank balances, short-term investments, and accounts receivable that can be liquidated quickly to meet current expenses or obligations.
What is audit and the purpose of audit?
Audit is an evaluation of a certain thing or individual. This is to determine about the situation of the inventories, expenses and also to determine the check and balances.
What balances have debit or credit balances?
Assets, Expenses and Losses have native debit balances. Liabilities, Stockholders' equity, Revenues, and Gains have native credit balances.
Which accounts normally have debit balances?
Assets, expenses, and revenuesAssets, expenses, and retained earningsINCORRECTAssets, liabilities, and dividendsAssets, expenses, and dividendsCORRECT ANSWER
What balances have debit or credit balance?
Assets, Expenses and Losses have native debit balances. Liabilities, Stockholders' equity, Revenues, and Gains have native credit balances.
Is expenses have a normal debit balances?
Yes, all expenses has debit balance as normal balance and shown in income statement.
What are out of pocket expenses?
Out of pocket expenses are business expenses for which the individual who accrues these expenses is not reimbursed by the company they are employed by or from the business itself if they are the business owner.
Is wages and salaries expense a debit or credit?
All kind of expenses have debit balances so wages and salaries expenses have also debit balance instead of credit balance.
Does medical expenses cover funeral expenses if a relative is killed on your property?
Funeral expenses are NOT deductible on an individual taxpayers income tax return.
Is funeral expenses tax deductible?
NO. Funeral expenses are NOT deductible on the individual 1040 income tax return.
What were groups of farmers who shared resources and expenses called?
copritives
Where do individuals spend their income from the resources they sell?
Individual income tax law is based on an individual persons income. The tax is also based on family size.and certain expenses that might have happened over the last year. - See more at: http://www.chacha.com/question/what-do-individuals-spend-thier-income-from-resources-they-sell#sthash.32GMh1Pg.dpuf
