monetary assets and liabilities

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Amounts receivable (assets) or payable (liabilities) that appear in a company’s accounts as specific sums of money, e.g. cash and bank balances, loans, debtors, and creditors. These are to be distinguished from such non-monetary items as plant and machinery, stock in trade, or equity investments, which, although they are also expressed in accounts at a value (frequently cost), are not necessarily realizable at that value.

Subjects: Financial Institutions and Services — Accounting.

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