Fixed asset Wikipedia

Think of industrial ovens, assembly line robots, or printing presses – these are all essential fixed assets that keep your production humming. Fixed assets are shown on the “Assets” side i.e. right-hand side of the vertical balance sheet. They are shown in financial statements at their net book value, the calculation for net book value has…

What Are Current Liabilities?

Taxes payable refers to a liability createdwhen a company collects taxes on behalf of employees and customersor for tax obligations owed by the company, such as sales taxes orincome taxes. Current liabilities affect a company’s liquidity by requiring settlement using current assets. If current liabilities exceed current assets, it may signal liquidity problems. Effective management…