Current Asset
Prepaid insurance is that amount which is paid in advance for future insurance so until actual insurance facility is availed by company it is an asset of company and if it is for short term or will be availed in current fiscal year then it is current asset otherwise a fixed asset, if some portion is usable in current fiscal year then only that portion will be current asset and remaining will be fixed asset.
A fixed asset.
Current asset
Current asset.
fixed deposit is an assets
Prepaid insurance is that amount which is paid in advance for future insurance so until actual insurance facility is availed by company it is an asset of company and if it is for short term or will be availed in current fiscal year then it is current asset otherwise a fixed asset, if some portion is usable in current fiscal year then only that portion will be current asset and remaining will be fixed asset.
Prepaid Rent is a Current-Asset account. Since it deals with "prepaid" it will expire on a regular basis and is not a "fixed" asset. Each month (or whatever terms the rent may be paid) the amount is removed from Prepaid-Rent and placed in Rent Expense.
A fixed asset.
Current asset
Current asset.
fixed deposit is an assets
fixed assest
no, it is a fixed asset..
A fixed deposit in the name of a firm is not a fixed asset.
yes
Vehicle is a fixed asset so it should be shown in fixed asset list and not in current asset list.
fixed assets / current assets