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What are fixed Assets and current Assets?
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Answer / chandrasekhar hota
Fixed Assets are acquired for use over relatively long
periods for carrying on the operations of the firm and they
are ordinarily not meant for resale.
Eg-: Land, Building, Plant, Machinery, Patents and
Copyrights.
Current Assets are, however, the cash or other resources
which have high liquidity within the operating cycle of the
firm. Current Assets are usually held for a short period of
time as against fixed assets which are held for longer
period of time.
Eg-: Cash, Debtors, Inventories, Loans & advances, and Pre-
paid expenses.
| Is This Answer Correct ? | 19 Yes | 1 No |
Answer / madhu
Current assets are the assets which canbe easily converted
into cash. e.g. cash in hand, bank draft, cash in bank,
inventory etc
Fixed assets are the assets of the company which are held
for a long time. These assets are liquidated only when the
company is fhut down or during divestitures e.g Buildings,
Machinery etc
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / kk
fixed assets are which we can not move to once place to
another place& also we can not transfer easy into the cash
current assets are which we can move&also transferable into
cash with in one year
| Is This Answer Correct ? | 8 Yes | 7 No |
Answer / satish kumar.k
Fixed Assets are acquired for use over long
periods for carrying on the operations of the firm and they
are ordinarily not meant for resale.
Eg-: Land, Building, Plant, Machinery.
Current Assets are which have high liquidity within the
operating cycle of the firm. Current Assets are usually
held for a short period of time as against fixed assets
which are held for longer period of time.
Eg-: Cash, Debtors, Inventories and Pre-paid expenses.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / dilip
fixed assets means in simple words which is used for
lontime purpose.
eg-machinary,land and building.
current assets means which is used for short time purpose.
eg-capital,inventory.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / vedprakash ghiya
meae if you are related from restorent line mechenery products are fied assets production uses item is fixed assests
| Is This Answer Correct ? | 0 Yes | 1 No |
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