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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 / 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 |
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