Tugas
B.Inggris
Liabilities
Liability is a responsibility
that has to be borne by the company as the consequence from work contract or
the previous activities. Liabilities can be classified as short-period
liabilities (current liabilities) and long period liabilities.
- Short-period liabilities are the liabilities that have to be paid in one year period or less than a year. Short period liabilities come from the company normal business and non-business activities. Short period liabilities usually paid by current liabilities.
- Long term liabilities are the liabilities that have period more than a year to be paid. Long period liabilities including obligation and long period bank liabilities. Conversely, a long-term liability is expected to not be fully paid off within one year (like a 5 year bank loan, for example). Bank liabilities, mortgage liabilities and obligation liabilities can be classified as long period liabilities.
Assets
Assets are a company’s wealth
to run its activities. Current assets are those that form part of the circulating capital
of a business. They are replaced frequently or converted into cash during the
course of trading. The most common current assets are stocks, trade debtors,
and cash. Property can be classified as current assets and fixed assets. Assets can
be physical things or right that has economic value.
- Current asset. Current asset can be defined as cash/ cash on bank and any assets that can be changed into money easily. Current assets including cash, notes receivable, “surat-surat berharga”, account receivable, supplies, equipment and prepaid expenses.
- Fixed asset. Fixed assets can be defined as assets bought by the company with a high value to be used as company’s operational for more than one year period.
Characteristic from fixed
assets:
-
Used as
company’s operational
-
Have
economical time more than a year
-
Have high
value relatively
Fixed assets can be
categorized as tangible fixed assets and intangible fixed assets. The cost of
fixed assets are all costs that have to be paid to get those fixed assets until
it can be operated as it should be.
SIMPLE PRESENT
1. Short-period liabilities are the liabilities that have to be paid in one
year period or less than a year.
(-) short-period
liability are not the liability that have to be paid in one
year period or less than a year.
(?) are short priod liability the liability that have
to be paid in one year priod or less than a year?
2. Liability is a responsibility that has to be borne by the company as the
consequence from work contract or the previous activities.
(-) liability is not a responsibility that has to be
borne by the company as the consequence from work contract or the previous
activity.
(?) is liability s responsibility that has to be borne
by the company as the consequence from work contract or the previous activity
3. Long period liabilities are the liabilities that have period more than a
year to be paid.
(-) long period liability are not the liability that
has period more than a year to be paid
(?) are long period liability the liability that has
period more than a year to be paid
4. Assets are a company’s wealth to run its activities.
(-) assets are not company wealth to run its
activities
(?) are asset companes wealth to run its activities
5. The most
common current assets are stocks, trade debtors, and cash.
(-)the most
common current asset are not strocks,trade debtors dan cash.
(?)are the
most common current assets strocks, trade debtors dan cash.
6. The cost of
fixed assets are all costs that have to be paid to get those fixed assets until
it can be operated as it should be.
(-)the cost of
fixed assets are not all costes that have to be paid to get those fixed assets until it can be operated as
it should be.
(?)are not the cost of fixed assets all costes that have to be paid to get those fixed assets until it can be operated as
it should be.
7. They are
replaced frequently or converted into cash during the course of trading.
(-) they are not replaced frequently or converted into
caash during the course of tranding.
(?) are they replaced frequently or converted into
cash during the course or tranding
8. Long-term liability is expected to not be fully paid off within one year.
(+) long term liability is expected to be fully paid
off within one year.
(?) is long
term liability expected to be fully paid off within one year.
9. Current
assets are those that form part of the circulating capital of a
business.
(-) current
asset are not those that form part of the corculating capital of a business.
(?) are
current asset those that form part of the circulating capital of a business?
10. The salaries
that are incurred but are not yet paid to employees.
(+) the salary that are incurred but are yet paid to
employees.
(?) are the salary that incurred but are yet paid to
employees.
