Definition

Outstanding assets

Outstanding assets are those assets over which the company has no immediate claim but which are recoverable at a later date or which cannot be converted into cash immediately.

             Following are a few examples of different classes of outstanding assets:

  1. Income Receivable
  2. Prepaid Expenses
  3. Deferred Revenue Expenses.
Share it:  Cite

More from this Section

  • Factor
    A factor is a finance company or bank that buys receivables from businesses and then collects ...
  • Operating expenses
    Operating expenses is a category expenses of a merchandising company that are expenses ...
  • Management consulting
    Management consulting is an area of public accounting ranging from development of accounting ...
  • Aging the accounts receivable
    Aging the accounts receivable refers to the analysis of customer balances by length of ...
  • Special journal
    Special journal refers to a journal that records similar types of transactions, such as ...