Question

Monetary Accounts are essentially the same as Non-Monetary Accounts. true or false

Monetary Accounts are essentially the same as Non-Monetary Accounts.
true or false
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

False:

Monetary Accounts are accounts of monetary assets and liabilities. while Non monetary accounts are the accounts of Non monetary assets and liabilities.

Monetary assets are such as: cash balance, bank balance, Fixed deposits, accounts receivables and notes receivables which have pre determined cash value. while the non monetary assets are property and market investments which do not have any pre determined value and their value can change significantly over time.  

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Hyperinflation can be thought of as a monetary policy phenomenon. True False An increase in the...
Hyperinflation can be thought of as a monetary policy phenomenon. True False An increase in the velocity of money can cause an increase in real GDP. True False
True/False: Conditional mean prediction and linear prediction yield the same predictions. True/False: All autoregressive equations have...
True/False: Conditional mean prediction and linear prediction yield the same predictions. True/False: All autoregressive equations have stationary solutions. Name one time series model that is non-stationary. ________________
The monetary policy like the fiscal policy is discriminatory in principle. True or False.
The monetary policy like the fiscal policy is discriminatory in principle. True or False.
Interest payment is the main difference between accounts payable and notes payable. * True False Dividends...
Interest payment is the main difference between accounts payable and notes payable. * True False Dividends in arrears on non-cumulative preferred stock are considered a liability * True False Cash is one of the main tools of paying dividends. * True False Current liabilities are expected to be paid within one year or the operating cycle, whichever is longer. * True False
True or False a. All situations that involve non-excludable goods must lead to negative externalities. True...
True or False a. All situations that involve non-excludable goods must lead to negative externalities. True or False b. Engineering costs always underestimate the true social costs of a particular regulation True or False c. For a freely provided public good, a consumer’s willingness to pay for a small increase in the good or willingness to accept payment for a small decrease in the good will provide approximately the same value for the change in consumer surplus.
Population health and public health are the same. True or False? a. True b. False
Population health and public health are the same. True or False? a. True b. False
1. Checking accounts and money market accounts are examples of cash equivalents. True or False 2....
1. Checking accounts and money market accounts are examples of cash equivalents. True or False 2. A trial balance is the list of only a​ company's asset and liability​ accounts, along with their account​ numbers, at a point in time. True or False
1)True or False: Accounts receivable capture sales and accounts payable capture COGS 2)True or False: Per...
1)True or False: Accounts receivable capture sales and accounts payable capture COGS 2)True or False: Per the flow of the Income Statement, we should deduct tax expenses and then interest expenses in order to obtain net income, which is often referred to as the "bottom line." 3)True or False: Depreciation is added to earnings on the statement of cash flows because it was included in COGS on the Income Statemet 4)True or False:EBIT stands for " earnings before income taxes"...
True or false: It is never optimal to exercise an American put option (on a non-dividend...
True or false: It is never optimal to exercise an American put option (on a non-dividend paying stock) early. Group of answer choices True False
True or False. Explain please 1. A particular expansionary monetary policy action may result in both...
True or False. Explain please 1. A particular expansionary monetary policy action may result in both credit and quantitative easing occurring simultaneously. But, particular policies need not always do both at the same time. 2. Increasing haircuts in the overnight repo market are analogous to withdrawals from the shadow banking system.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT