Alex

An accountant with over six years of excellent experience across several industries, including Travel, Telecommunications, Software and Recruitment. At The Finance Chap, Alex is committed to providing useful and practical accounting information.

Net Fixed Assets

What are Net Fixed Assets? Net Fixed Assets is a valuation of the net book value of all fixed assets. This is done by taking the historical cost of the the assets and subtracting depreciation. Think of a car that you have purchased. You may of bought it new for $20k. Two years later that …

Net Fixed Assets Read More »

Permanent Current Asset

What is a Permanent Current Asset? A permanent current asset is the minimum amount of current assets a business needs in order to continue operating. Cash, accounts receivable and inventory being examples. A certain amount is needed for the business to carry on working. As an example, a business may not have enough cash or …

Permanent Current Asset Read More »

Sundry Debtors

Sundry debtors are clients/customers that rarely make a purchase on credit. They will show up as a single line on your Trade Debtors report. For example say your business was a Corporate Travel Agent. You may have clients who book hundreds of flights and hotel stays with you a month. These clients would all have …

Sundry Debtors Read More »