What is the Difference between Current Assets and Fixed
Assets and how would you classified it
- 19 Answers
- 98538 Views
- GET Engineering Construction, I also Faced
- E-Mail Answers
Answer Posted / tpai
current asset can be seen as an asset which can be easily
converted to cash ,it is always ready to be convretd.
example cash at bank , gold ,stocks etc while fixed asset
is a long term investment that can cannot be easily
converted to cash for in instance you can wake up one
morning and decide to collect all the money in your accout
which will be given to you by the bank peacefully without
stress but you can"t easily sell your machnery because it
there to serve the company for a specific period of time
because if that is done the company might fold or might
have to borrow inorder to continue the day to day opreation
of the business .other examples of fixed asset are land
furntures and fittings etc
| Is This Answer Correct ? | 10 Yes | 4 No |
Post New Answer View All Answers
What is the mean of decommission liability?
hi friend i have selected in ssc cgle as accountant in audit department. can anyone tell about the work of accountant in audit department?
Define vouching?
When should a company sack its auditor?
is replacement of DVD writer come under fixed assets. I think that it cannot increase earning capacity or it cannot any separate identity.please clarify me
which type audit for your company account
What is caro 2004?
Who will audit an auditing firm?
Should the duty of creating a purchase order be segregated from the duty of creating a vendor?
What are the basic principles of an internal audit controlsystem?
Tell me that how I can evaluate the internal control audit?
What are the reasons for getting audited?
What are the essential of internal audit?
central exices
Would you consider alternative vacancies if so which:
