defference between capital assets and fixed assets

Question Posted / guest

3 Answers
18960 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

defference between capital assets and fixed assets..

Answer / nisha

fixed asset means assets held by entity for producing goods
&services in the ordinary couse of business &not intended
to be sold during normal courses of business.where as
capital asset include fixed asset & long tern assets held
as investments

Is This Answer Correct ?

8 Yes

7 No

defference between capital assets and fixed assets..

Answer / shivani shirish veerkar

capital asset means tangible asset which cannot be easily
converted into cash & held for a long time where as fixed
asset means tangible asset which can be converted into cash
foe a long time.

Is This Answer Correct ?

20 Yes

20 No

defference between capital assets and fixed assets..

Answer / kaushik

fixed assets refer to immovable assets like Buliding,PLANT
& MACHENERY. IN OTHER SIDE CAPITAL ASSETS REFER TO MOVEBLE
ASSETS LIKE STOCK, BOND ETS,SHERE, PREF SHERE

Is This Answer Correct ?

9 Yes

9 No

Post New Answer

More Accounting General Interview Questions

sir , i am very confussing enrty for cash receipts in t code fbcj. do the effect on wbs element after selected wbs ?

0 Answers

sIR, DEAR SIR, WE ARE PREPARING EXPORT INVOICES AT THE TIME OF INVOICE PREPARATION WE MENTIONED EXCISE, EDN CESS AND SH EDN CESS AMOUNT ALSO IS IT CORRECT ARE NOT BUT I THINK WHEN MATERIAL SOLD EXPORT EXCEMPTION FROM EXCISE, EDN CESS AND SH EDN CESS WHICH EVER IS CORRECT. PLEASE CLARIFY MY DOUT. ADVANCE THANKING YOU,

0 Answers

i am working in bajaj authorised dealer company my question is when we sale of two wheeler vehicale with finance what is the sale of entry can you say briefly(how to pass the sale entry in our books)

1 Answers

Hi, I want to know whether PF Deduction is applicable if the CTC Is Rs.7000/-PM. We already deducted ESI On Gross Salary (1.75%). Whether PF Is applicable in this?Employee & Employer?

3 Answers

9. Fixed Cost assumed to be $ 2,700. Variable Cost is $ 70 per unit. Selling Price is $ 100 per unit. What would be the Breakeven Point in Units?

1 Answers

what is the rate of purchasing computer goods from Gujarat, with C form, and what is the rate to sale it in Diu (Union Territory).

1 Answers ASD Lab,

Why we are crediting Gross profit or debiting a Gross loss in the profit and loss account?

1 Answers

CAN WE SUBMIT SERVICE TAX CHALLAN MORE THEN ONE IN A MONTH

1 Answers

What is C & F Activity ?

2 Answers Birla,

What do you know about this position?