Accountancy, asked by NeverMind11, 1 year ago

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Q. HOW DEBTORS COME UNDER ASSET ?

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Answered by itspreet29

debtors come in current assets because normally goods are sold on credit for short term agreement for one month or for three months as amount is receivable from debtors within one fiscal year thats why debtors arrive in current assets.

Answered by Anonymous

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Current assets more readily turned into cash. Stock is the hardest to convert (least liquid) so appears first. Next comes debtors (people who owe you money) then cash itself (the most liquid asset). ... Note bank accounts can be assets (positive bank balance) or liabilities (bank overdraft/loan).

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HEY FRIENDZ.. GOOD MORNING...MAY I HAVE UR ATTENTION PLEASE..PLEASE HELP..Q. HOW DEBTORS COME UNDER ASSET ?​

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HEY FRIENDZ.. GOOD MORNING...
MAY I HAVE UR ATTENTION PLEASE..
PLEASE HELP..

Q. HOW DEBTORS COME UNDER ASSET ?