What are liquid financial assets?
What is the difference between current income tax and deferred income tax?
Australian Agricultural Company has a term referred to as reserves (there are many different types), just wondering if anyone else's company has something similar?
Hi Lara,
ReplyDeleteYour blog looks great, you have lots of information on here!
I just thought I could give you what I an idea of what I understand a liquid asset is.
A liquid asset is an asset that can be turned into cash quite easily with limited impact on the price of the assets. Some examples could be; Stocks, Money Market instruments (commercial papers) or government bonds.
I hope you assignment is going really well!
Hi
ReplyDeleteI got some ideas about deferred income tax. The deferred tax asset and liability result from the gap between tax law and accounting method. Some income has occured but the tax will be collected in some future date according to the tax law. Therefore there is obligation of income tax should be paid in some future date.
Good luck with your assignment! I really like your blog!