"account" nach Englisch mit Beispielen - Kollokationen-Wörterbuch Englisch
- When an asset is sold, debit cash for the amount received and credit the asset account for its original cost.
- In summary: an increase (+) to an asset account is a debit.
- Conversely, a decrease ( ) to an asset account is a credit.
- This basic analogy can be applied to any asset account.
- A business will most often have more than one asset account.
- Military Times noted that prior lawsuits against insurance companies pertaining to the use of retained asset accounts have been dismissed in federal courts without action.
- Below is a rundown of the features and charges of some major central asset accounts.
- A taxpayer may group assets together into a general asset account.
- For example, the "inventory" account asset account might be changed to bring them into line with the actual numbers counted during a stock take.
- For example, if fuel costs (an expense account), are debited to stock (an asset account).
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