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it is a expense

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Q: Is freight a current asset or non current asset?
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Related questions

Is money lent by a bank a current asset or non current asset?

non current asset


Is premises a current asset or non current asset?

non-current assets.


Is fixtures and fittings a current asset or a non current asset?

non current


Is Closing Inventory is it a current asset?

is closing inventory a current or non current asset


Is warranty expense a current or non-current asset?

An expense is not an asset at all.


Why do amount for vehicle appear under non current asset and current asset?

Because it's a fixed asset


Is fixtures is current or non-current asset?

Fixtures is an item of property plant and equipment and is considered a non-current asset. In order for something to be classified as a current asset, the asset is to be realised within the normal course of business for the company or within 12 months.


Is machinery current asset or non current asset?

It is a non-current asset. Here is why: according to the Business Dictionary, a non-current asset refers to something that will not be converted to cash within twelve months, or a resource that will not be consumed or sold within the normal operating cycle of a business. By either definition, that describes machinery.


Why do amount of vehicles appear in non-current assets and current assets?

Vehicle is a fixed asset so it should be shown in fixed asset list and not in current asset list.


What is difference between fixed asset and non current asset in detail?

assests means


Is long term investment is fixed assets?

Long term investment is non-current asset but if there is maturity in different dates then that portion which is going to mature in current fiscal year then it is current asset and remaining portion is non-current.


What is asset holdings?

non current assets held for sale