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What is the Difference between Current Assets and Fixed
Assets and how would you classified it
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Answer Posted / md sultan raza
current assets is an assets which can be easily convertable
into rupees.it is also used to meet the daily expenditure
of the company.the duration of current assets is normally 1
to 2 yeaqrs.
fixed assets is an assets which is acquired to use in the
organisation for a long period of time to help in the
servicing or manufacturing process.the duration of fixed
assets is normally more than 5 years.
| Is This Answer Correct ? | 27 Yes | 10 No |
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