What is the Difference between Current Assets and Fixed
Assets and how would you classified it
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Answer Posted / kkrao1983
hi, this is koteswara rao.
current assets means we can easily convert into cash with
in short time( with in one year).that is called currenct
assets.
example:cash in hand, bank a/c, stocks etc
fixed assets: it will take some time to convert into cash,
it will take depends on the assets.
ex: land, mationary,building etc
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