where are gold and silver shown in the balance sheet of banking company
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The balance sheet separates a company’s assets into two broad categories: current and non-current assets. The non-current asset category covers assets that a company doesn’t intend to sell within one year of its acquisition. Common non-current assets include the buildings and equipment the company owns, as well as any other long-term investment. If your company purchases gold with the intention of holding it for more than one year to realize appreciation in value, you should report it as non-current asset.
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