Question added by Danish Farid , Senior Associate Taxation , Limra Law Firm
Date Posted: 2014/08/12
Upvote (1)Views (5)Followers (3) Answers (2)Report Question
Write an Answer
Register nowor log in to answer.
- 2 Answers
by Sam Younes , Senior Budget & Financial Analyst , Haulotte BilJax
Contributed Capital is a credit balance in the equity section of the Balance Sheet, while the offset is a debit to cash in the current assets above.
by Anayatullah Tahir , Finance Manager , Etqan Projects
Contributed capital is neither noncurrent asset not a current asset. It is a part of equity contributed by Common stockholders.
Write Your Answer
More Questions Like This
Is contributed capital a noncurrent asset or a current asset, and is it a debit or credit?
Top Answer:The amount invested in a business by the owner are amounts that the business owes to the owner. This is a... See More
What is the difference between fixed assets and noncurrent assets?
Top Answer:Thank you for your kindness invitation.I agree with all previous answers.Regards... See More
What is the difference between fixed assets and noncurrent assets?
Top Answer:Fixed Assets: Assets which are purchase for long term use and are not likely to be converted into cash su... See More
What is the nature of assets accounts (Debit or Credit)?
Top Answer:i think the nature of assets i the debit..See More
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.