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Term of the Day
non-monetary asset
nonmember firm
nonmonetary transaction
Definition
Assets
other than
monetary
assets like
cash
and
bank
deposits
where there is no
right
to receive a specific
amount
of
currency
. Can also be considered as
intangible assets
that still have
value
to a
company
, such as equipment,
inventory
, and
patents
.
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Nearby Terms
nonledger asset
nonlegal
nonliquid asset
nonmember bank
nonmember firm
non-monetary ass...
nonmonetary tran...
non-negotiable i...
non-notification...
non-operating ex...
nonparticipating...
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Popular 'Accounting' Terms
current ratio
equity
working capital
asset
EBITDA
revenue
net income
negotiable
net profit
net worth
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