MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Issue of Debentures as Collateral Security

Are debtors a...

Question

Are debtors a current asset?

Open in App

Solution

Yes, debtors are recorded as current assets in a balance sheet as payments are expected to be received from them in the current accounting period.

Suggest Corrections

thumbs-up

0

Similar questions

Are debtors fixed assets?

Q. Which of the following are current assets of a business?
(i) Income received in advance
(ii) Stock
(iii) Debtors
(iv) Pre-paid expenses
(v) Accrued income
The correct answer is?

Q. Current liabilities are Rs.10,000 and current assets are Rs. 15,000. If debtors realized Rs.3,000 and Rs.6,000 worth preference shares got converted into equity, the impact on working capital (WC) would be _______________.

Q. Which of the following are current assets of a business?
(i) Income received in advance
(ii) Stock
(iii) Debtors
(iv) Pre-paid expenses
(v) Accrued income
Select the correct answer from the options given below -

Q. 1. Determine if the following are assets, liabilities, revenues, expenses or none of the these: sales, debtors, creditors, salary to manager, discount to debtors, drawings by the owner.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Undersubscription

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Issue of Debentures as Collateral Security

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon