What is the Difference between Current Assets and Fixed
Assets and how would you classified it
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Answer Posted / arjun_gatsby
Fixed assets can be used for more than a substantial period
stated in AS 16 ( i.e. 12 months ) and which could be
identified as Tangible
However Current assest are of nature of short term and
which are easily convertible into cash
| Is This Answer Correct ? | 103 Yes | 20 No |
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