Foreign Transactions & Entities — OpenTuition Forums

Ddookhan126y ago

Good Night, I’m having problems with monetary/ non-monetary assets and liabilities. What exactly is the distinguishing feature between a monetary asset/liability and a non-monetary asset/liability? I know that there are common examples of monetary assets/liabilities and non-monetary assets/liabilities. However, I want to be able to understand the concept so that I won’t have to regurgitate a list. Thank you.

P2-D2Tutor6y ago#1

Hi, This is virtually identical to your previous post, and I've answered your query there. Thanks

Ddookhan126y ago#2

Good Night, I’m having some problems when posting queries. So I would have typed that same query first and then click on Submit but then it returned to the list of all queries without mines. As such, I thought the query didn’t go through and I typed it over again. Sorry about that though. Thanks.

P2-D2Tutor6y ago#3

No worries, just glad that it has been answered. Thanks