Dean Witter sweeps its Active Assets Account clean of every penny of cash once a day, for instance, while Merrill Lynch does daily sweeps only for balances above $ 1, 000.
32.
As the country's largest bank, its assets account for 25 percent of total assets in the Croatian banking sector, and its services are used by 80, 000 businesses and 1.1 million citizens.
33.
Meanwhile, Power Co . debits its cash account ( representing more cash ) and credits its Widget Mfg . Co . account receivable asset account ( representing a lower account receivable ).
34.
In the case of finding Cash Flows when there is a change in a fixed asset account, say the Buildings and Equipment account decreases, the change is added back to Net Income.
35.
These adjustments must still obey the double-entry rule : for example, the " inventory " account and asset account might be changed to bring them into line with the actual numbers counted during a stocktake.
36.
Asset growth was manifested by the simultaneous expansion in cash assets by P69 . 7 billion, loan portfolio by P61 billion, investments by P20 . 3 billion and other asset accounts by P48 . 2 billion.
37.
After all, her new arrangement describes nothing more than a central asset account, a service simplifying finances that has been around for 20 years and is offered by brokerage firms, banks, mutual fund companies and others.
38.
The first method is the "'allowance method "', which establishes a contra-asset account, " allowance for doubtful accounts ", or " bad debt provision ", that has the effect of reducing the balance for accounts receivable.
39.
The " X " in the debit column denotes the increasing effect of a transaction on the asset " account balance " ( total debits less total credits ), because a debit to an asset account is an increase.
40.
In the accounting equation Assets = Liabilities + Equity if an asset account increases ( a debit ), then either another asset account must decrease ( a credit ), or a liability or equity account must increase ( a credit ).
