Short-term resources cash, investments, accounts receivable, inventory . current liabilities. short-term debts accounts payable, accrued salaries, accrued taxes, short-term bank loans . transaction balance. Cash kept on hand by a firm to pay normal daily expenses such as employee wages and bills for supplies and utilities..Answer to Cash, investments, accounts receivable, and inventory are also known asA. current assets.B. current liabilities.C ..
Related posts to cash investments accounts receivable and inventory are
How to Calculate Cash Inflow Using Accounts Payable and Accounts Receivable Breaking down an important component of the cash conversion cycle..
Accounts receivable definition. A current asset resulting from selling goods or services on credit on account . Invoice terms such as a net 30 days or b 2/10, n .
Online Business Management Training - Management Training Online - Free Business Basics Accounting Course - The Balance Sheet.
There is no effect on the Cash account. The transaction does, however, result in a debit to the asset account Accounts Receivable and a credit to the income statement .