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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 / vijayamanoharan-devakottai
The basic difference between current assets and fixed
assets is given below:
Current assets are flexible in nature, easy to convert in
money for company on the other hand Fixed assets are those
assets which are Fixed in nature, not easy to convert in
money for company.
Classification:
Current assets:
Cash in hand and at bank
Stock in hand
Sundry Debtors
Loans & Advances
Fixed Assets:
Land and Building
Furniture and Fittings
Tools and tackles
Plant and Machinery
Computers & Laptops
Printers etc.
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