What is the Difference between Current Assets and Fixed
Assets and how would you classified it
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Answer Posted / tpai
Current asset can be seen as an assets that can be
easily converted to cash nomally used for our day to day
transaction . it can be classifed as cash at bank stocks
etc while fixed asset can be seen as an asset that is
mainly used for long term financing which can not be easily
converted to cash for example land furntures and fitting etc
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