asset
A motor vehicle can be a current asset for a company whose business is to sale vehicles.For example Toyota motor co trades in vehicles among other business lines.For Toyota the vehicles they hold for trading purposes are it's stock ,hence a current asset. Kachana Mushongo contact kachana@accamail.com
Because it's a fixed asset
Vehicle is a fixed asset so it should be shown in fixed asset list and not in current asset list.
Current asset
Current asset.
Current Asset
non current asset
Motor Vehicle is an asset for business and long term asset which is shown under balance sheet as a asset and like all other fixed assets which has debit balance as normal balance it also has debit balance as normal balance.
Current Asset
non-current assets.
non current