Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...

What is the Difference between Current Assets and Fixed
Assets and how would you classified it

Answer Posted / guest

Current assets in those assets this are easily convert in
cash with in one year or emidetly. (For ex:- stock, debtor,
prepaid ex:- gold, bond, fixed investment in bank & bank
account.)
Fixed assets in those assets this are not easily convert in
cash or taken more time to liquidation.(For ex:- land,
building, machinery & furniture.)
Main difference between current assets and fixed assets is
Current assets use shot team and this fig er or quantity
always changes this are raining assets (bank accounts,
stock & cash)
Fixed assets is long time using purpose so this is not
Chang more time. most of capitals money in investing on
fixed assets.(land, plant, machinery & building)

Is This Answer Correct ?    51 Yes 13 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the importance of internal audit to the organization?

425


vat on liquor vat on food ? vat on bevrages ? vat on tobaco? vat on gold?

1550


What are the objectives of internal audit?

514


Why does a systems auditor need to use professional judgement when selecting audit procedures?

412


What are the essential of internal audit?

486






what is the difference you can make by doing your course in the country of your choice

1431


please tell me how to take the stock of goods in Tally ERP9 in case of Useing FORM F (Company Sent the Stock Send me against Form 38 & after sale He want from me FORM F ) Thank U

1626


Why do you want to work in audit?

536


Whether interstate purchase of High speed diesel by mines at concessional rate is allowable ?

1807


How can i disable closing stock in trial balnce in tally?

2029


What Is Social Audit?

497


Explain the different advantages and disadvantages of internal audit?

437


What are the reasons for getting audited?

394


what is the PRPOER way of accounting salaries ETF EPF

1955


what is the difference you can make by doing your course in the country of your choice

1655