Is cash on the bank, a current or non-current asset?
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Answered by
1
Explanation:
Yes, cash is a current asset for accounting purposes. Current assets are any assets that can be converted into cash within a period of one year.
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0
Answer:
No its not until they lend that money to someone who came to them for any kind of loan. Once they approved the loan then that is asset because they are getting interest from it. And with that interest they can lend other loans too.
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