noun: attachment; plural noun: attachments
The definition of attachment is a personal connection, or feeling of kinship. When a mother gives birth to her child, it is an example of an attachment.
What is a current assets? read more on:Asset should classify only into two terms : current assets and non-current assetsIt is current assets when:It is expected to be realized in, or is held for sale or consumption in, the normal course of the enterprise's operating cycle.
Other term for tangible asset is Liquid assets includes:Cash- This is any medium of exchange that the bank will accept for deposits at face value such ordersBank deposits and draftsCash equivalents- These are short term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an intangible risk of change in value. Short -term Investments- Investments which are readily marketable and represent temporary investment of funds available for current operations and are intended to meet working capital requirement. Notes Receivable- Is a written pledge that the customer will pay the business a fixed amount of money on a certain date.Accounts Receivable- These are claims against customers arising from sale of services or goods on credit.Inventories- These are assets which are held for sale in the ordinary course of business.Prepaid Expenses-These are expenses paid for by the business in advance.
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