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Q: Is it possible for the current asset valuation issues to occur also with long-term assets?
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What are the rules on revaluation of non-current assets?

Non-current assets need to be revaluated. Tangible assets expected to be used for more than one accounting period. It is valuation getting depreciates. Therefore the accounting report base on only current value will be useless in the future.


What are net current assets?

Formula for net current assets :net current assets = current assets - current liabilities


Difference between net worth and working capital?

Working Capital is the difference between Current Assets and Current Liabilities.Net Worth is Total Assets -Total Liabilities current asset-current Liability=Working Capital working Capital Plus+Fixed Asset-LongTerm Liabilities = Net Worth in another word: (Current Asset+Fixed Asset)-(current Liability+Long Term Liability)= Net Worth Now you got it ?


What is the difference between current assets vs total assets?

Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets


What is the purpose for valuation of assets?

to know the wealth of enterprice


How can I get married and still hold as separate property my current assets and future income from my business interest appreciation and other gains from my current assets?

Get a pre-nup as soon as possible.


What are permanent current assets?

Permanent current assets are current assets that are replaced with like assets within one year.


How do you find the percentage of current assets to total assets?

percentage of current assets to total assets


Are investments current assets or other assets?

If investments are for short term then these are current assets but if these are for long term then non-current assets.


Fixed assets to current asset ratio?

fixed assets / current assets


Is accounts receivable a current or non current assets?

Current assets


Difference between verification and valuation as per audit basis?

verification is nothing but the existence, ownership & title of assets where as valuation is the correct value of the assets & liabilities at the date of the balance sheet