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

Answer Posted / arjun_gatsby

Fixed assets can be used for more than a substantial period
stated in AS 16 ( i.e. 12 months ) and which could be
identified as Tangible
However Current assest are of nature of short term and
which are easily convertible into cash

Is This Answer Correct ?    103 Yes 20 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

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

2161


What is an internal audit?

771


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

1836


What is an internal audit and what is the role of internal audit?

777


Why there is no opening balance for Profit and Loss Account?Refer me Detailed explanation. Thank you.

1106






Explain the difference between internal audit and external audit?

811


i am working in a company as wholesale in saudi arabia.i am one of the new.we are supplying to some hyper market. they will issue the money as cheque and they will send the cheque amount and invoice details also.then how can i reconcile our statement with use of that cheque details

1149


for how much loan a borrower has to submit QIS

1407


Whats are the importance of evaluating an internal audit department?

773


i need to pay around $90000 to Mr.R and the agreement clause says that any amount payable as tax are not included in the amount.So how much i need to deduct TDS...??

3442


Do you know what are the reasons for getting audited?

752


What Is Social Audit?

840


Explain the importance of evaluating an internal audit department?

736


Explain the importance of internal audit to the organization?

753


central exices

2012