Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / ranjan kumar
The physical exitance of goods which are not meant for
resale and which are kept in the business for a long time is
called Assets.
There are five kinds of Assets.
(1)Fixed Assets:-Those Assets which are kept in the business
for a long time.and it takes long time to convert in the
cash is called fix Assets.
EX.-Land,Building etc.
(2)Current Assets:-Those Assets which are kept in the
business for a short time and it takes short time to convert
in the cash is called Current Assets.
EX-Cash,Bills receiver etc.
(3)Tangible Assets:-Those Assets which can be seen or
touched is called Tangible Assets.
EX-Land,Computer etc.
(4)Intangible Assets:-Those Assets which can't be seen or
touched is called Intangible Assets.
EX-Goodwill,Patent etc.
(5)Westing Assets:-Those Assets which get exhaust being used
is called westing Assets.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What is non-performing assets (npa)?
what is the default configuration Tally ERP 9 provides for Balance Sheet?
What is mergers and acquisitions?
What are the different systems of accounting?
Write Any Three Kinds of Company According to Ownership?
What is NABARD and tell some of its functions?
Explain Market Monitoring?
What do you understand by Private banking?
Tell something about Bhartiya Mahila Bank?
What is bandhan bank?
What Are The Different Ways You Can Operate Your Accounts?
What Do You Mean By Derivatives? Give An Example.
What are the services generally provided by a bank's branch?
How are sources and applications categorized for proper interpretation of funds flow statement?
What is the use of PPF Account? How will you define it?
