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Current Assets:

These are those assets which are utilizable by the company in one fiscal/accounting year

Fixed Assets:

These are those assets which are utilized by the company for more then one fiscal/accounting year For example: Machinery, Land etc.

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Q: Explain fixed and Current assets
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Related questions

Fixed assets to current asset ratio?

fixed assets / current assets


Is gross block current assets or fixed assets?

fixed assets


Explain - fixed assets?

fixed assets are long term assets which have long term period


Meaning for current asset to fixed asset ratio?

The current assets to fixed assets ratio measures how many current assets are bought or utilized through fixed assets. There's no specific agreed ratio on this.it measures the proportion between the current assets and fixed assets the company acquires.


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


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 does total assets less net fixed assets equals?

Total assets less net fixed assets equals


Distinguish fixed from current assets?

current assets are those assets which can be easily converted into cash while fixed asstes can not be easily converted into cash example fixed= land, building, machinery current= debtors , bill receviables


Are fixed deposits placed with banks categorised as fixed or current assets?

Fixed deposits placed with banks are considered as current assets. Current assets are always assets that can be liquidated within 1 year. Fixed deposits can be withdrawn at any time, eventhough their placement periods can be longer than a year.


Is fixed asset a current asset?

fixed deposit is an assets


Capital Employed is equal to?

Capital Employed = Fixed assets + current assets - current Liabilities


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.