What is the Difference between Current Assets and Fixed
Assets and how would you classified it
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Answer Posted / r.sivaraman
The difference between current assets and fixed assets as
follows:
Current assets are flexible in nature, easy to encashable
and floting money to company whereas
Fixed assets are Fixed in nature in other words non-moving
assets, not easy to encash, regularly depreciated.
Classification:
Current assets:
Cash - at hand and at bank
Inventories
Sundry Debtors
Advance and Deposits
Fixed Assets:
Land and Building
Furniture and Fittings
Tools and tackles
Plant and Machinery
Computer ( including assessories and UPS)
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