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fixed assets are long term assets which used by business for revenue generation while inventory is current asset used for one fiscal year.
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What is difference between fixed asset and inventory?
What is the difference between fixed asset and inventory
What is a fixed assets inventory?
fixed asset inventory means the inventory of all fixed assets in business used to generate revenue of business.
What is the difference between assets and fixed assets?
The differences between assets and fixed assets are; If you take an asset you will get your money back anytime but if you get a fixed assets the bank will keep your money untill the timeframe is over.
What is difference between fixed asset and non current asset?
Current asset appears first in the balance sheet such as cash, accounts receivable and inventory. Fixed assets are those such as land, buildings, vehicles, furnitures, office equipments. In short, fixed assets are also known as non-current asset. It can also be known as capital assets or plant, property and equipment.
Difference between fixed assets and current assets in manufacturing?
fixed assets are those assets used for more than one fiscal year while current assets only used for one fiscal year.
What is the difference between fixed assets and non current assets?
Fixed assets and non-current assets are basically the same. Both are defined as assests that are utilized or depreciated by a company over the course of more than a year.
What is the difference between fixed assets and current assets?
current assets areflexible in nature ' easy encash fixed assets are fixed in nature ;non-moving assets are not easy to encash regulary [by:naruto akiem]
What is difference between fixed asset and current asset?
The difference between current assets and fixed assets as follows: Current assets are flexible in nature, easy to encashable and floating money to company. Fixed assets are fixed in nature in other words non-moving assets, not easy to encash, and are regularly depreciated. Classification: Current assets: Cash - at hand and at bank Inventories Sundry Debtors Advance and Deposits Fixed Assets: Land and Building Furniture and Fittings Tools and tackles Plant and Machinery Computer (including assessories and UPS)
The difference between the balance of a fixed asset account and the related accumulated depreciation account is termed?
Net Fixed Assets is the term used for the difference between the balance of a fixed asset account and the related accumulated depreciation.
Is gross working capital refers to the company's investment in current assets?
Gross Working Capital is the difference between the current assets and current liabilities where 'current' implies 'within one year' i.e Working Capital = Current Assets - Current Liabilities Working Capital is added to the Fixed Assets to get Net Fixed Assets of a company. i.e. Net Fixed Assets = Fixed Assets + Working Capital
How computers are used in the organisation?
it depends, if you are a dealer (of computer) then it will treated as inventory or else its an Fixed assets
How do you verify fixed assets?
Fixed Assets are verified as a part of a complete audit which is advisable to do on a yearly basis. A full inventory not only of product but also of fixtures must be done as a part of this process.
