Non-Current Assets are long term resources owned by the company. The defining line between current and non-current assets is one fiscal year. Items like cash, accounts receivable and inventory are current assets as they are expected to be converted to cash within the fiscal year. Non-Current Assets include both tangible and intangible assets. Tangible assets …
Receivables and Bad Debts Quiz
Take the quiz on the accounting of receivables and bad debts. Answers and explanation included. For my and all accounting students.