Financial Assets
This query is : Resolved
28 April 2010
What is the financial asset?
Please explain it by giving the examples of financial assets.
Thanks & Regards
FAZLE
Please explain it by giving the examples of financial assets.
Thanks & Regards
FAZLE
28 April 2010
financial assets means Money and claims, as distinct from physical assets such as land, buildings or equipment. Financial assets include money, securities giving a claim to receive money, such as bills or bonds, and shares.
29 April 2010
AGREE WITH EXPERT.
This phrase is a blanket term for cash and bank accounts plus securities and investment accounts that can be readily converted into cash. Excluded are illiquid physical assets such as real estate, automobiles, cars, jewelry, furniture, collectibles, etc. Firms in the financial services industry typically use this measure of personal wealth when evaluating and categorizing clients.
This phrase is a blanket term for cash and bank accounts plus securities and investment accounts that can be readily converted into cash. Excluded are illiquid physical assets such as real estate, automobiles, cars, jewelry, furniture, collectibles, etc. Firms in the financial services industry typically use this measure of personal wealth when evaluating and categorizing clients.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- REGARDING GST LIABILITY/....
- Tax liability on income of freelancer
- SALE BILL AGAINST GOODS RETURN
- Loan by Partnership Firm
- STCG FOR GOLD ETFs
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
