Recap Week 1 Questions and Answers英文版本.pptVIP

Hospitality Accounting and Finance Recap Question 1 Current Asset These are cash or other assets which the business intends to turn into cash within the accounting period ( usually 12 months ). Examples are stocks of goods for sale as well as cash on hand and cash held in bank accounts Question 1 Non-current Asset These are assets acquired with the intention of holding and using within the business over more than one accounting period. They represent CAPITAL EXPENDITURE which will benefit future accounting periods. Examples are land, buildings, motor vehicles, machinery, furniture and equipmen