Exams

Accounts receivable is listed as a current asset in the balance sheet, since it is usually convertible into cash in less than one year as it is the amount owed by the customer to the seller.

The origin of the Sutlej River is located close to Lake Rakhastal in Tibet in the vicinity of the Kailash Mountain Range. The Sutlej River usually runs according to a west to southwest itinerary moving into India via the Shipki La Pass located in Himachal Pradesh.

A price floor is the minimum price that can be charged. A binding price floor occurs when the government sets a required price on goods at a price above equilibrium. Because the government requires that prices not drop below this price, that price binds the market for that good.

A binding price ceiling is one that is set below equilibrium price.