what is the difference between liquid asset and fixed asset

Answer Posted / dhanalakshmi

Liquid asset are easily convertable in to cash and short
life lik debtors,cash in hand,bills receivables whereas
fixed assets cannot be easily convertable into cash and it
has long life lik land ,building,furniture.

Is This Answer Correct ?    0 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

explain Dual entry concept

1596


your parents have lent you $20,000 to buy a car and have told you to pay it back whenever you like in conceptual framework

1486


what is similarites between tata motors and airtel

2277


What is the New GL concept? how do you configure new GL a/c?

1686


WHAT IS MEANT BY FACTORING, TRESURY BILLS,BULLS, BEARS

1871






What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school

1641


Mostly what type of manufactures are coming under TDS and basic rate for each category

1614


what do u mean by single error and double error in accointing errors?

1815


define fixed assets

1528


why you choose accounting as your career ? ?

1428


why do we charge the depreciation

1056


how to prepare HSD statements in tally

2279


My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?

1725


WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.

1783


a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting

1734