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18:05 Sep 20, 2020 |
Spanish to English translations [PRO] Bus/Financial - Finance (general) / Revolving fund | |||||||
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| Selected response from: Joshua Parker Mexico Local time: 22:11 | ||||||
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[the corresponding asset] is/must be created depending on its type: cash, inventory, etc. Explanation: Espera más opiniones porque no estoy 100% seguro, pero yo lo interpreto así. What is certain is that there's a problem in the source text here; I think it should read: y dependiendo de su forma **se [debe] crea[r]** el activo correspondiente... My understanding is that a liability is created to account for the creation of the revolving fund and then the corresponding asset is created (to balance the books) depending on the type [of asset], as [the asset] could be in the form of cash, inventory, etc. Basically what it's saying is that the asset will be recorded differently depending on the form/type of asset. I'm not an accountant, but that's my best educated guess. We'll see what others think. -------------------------------------------------- Note added at 47 mins (2020-09-20 18:53:01 GMT) -------------------------------------------------- Also, I'd use "inventory" rather than "stock" to avoid confusion with stocks and shares. |
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see rewrite below Explanation: The source/origin of the revolving fund generates (creates) an obligation for the Organization, so (... ;, therefore,) a liability must be established to create a [revolving] fund, (and in this regard / in this way) and so too the corresponding asset, as this can be in cash, inventory, etc. What you have up to ****it establishes*** is okay, but reading on, **the corresponding asset since it can be cash, etc. ...** does not read particularly well. The source/origin of a revolving fund creates an obligation for the Organization; therefore, a liability must be established to create a [revolving] fund, and depending on its ***type/kind it establishes*** the corresponding asset since it can be Cash, Inventory etc. In the case of cash, a sub-account is created for each type of currency (córdobas or dollar) .... |
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and, depending on how this is set up/done, create/establish Explanation: I would suggest |
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