The Difference Between

What is difference between personal assets and company assets?


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2014-09-26 16:12:11
2014-09-26 16:12:11

Personal assets is assets that are owned by a person. Company assets are assets that are own by the company.

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Physical assets are those assets which put company to earn or produce units to earn revenue like machinery, plant, equipment etc. Financial assets are like shares or debentures purchased in other company.

Assets have of two types Current Assets Non-Current/ Fixed Assets Current Assets are those which company utilizes in one fiscal year for example, material, Fixed assets are those assets which company utilizes for more than one fiscal year for example, machinery, plant, equipment etc

Gross working capital is the amount company invested in current assets while net working capital is the difference between current assets and current liabilities.

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.

A limited liability company, or LLC, is its own entity and can possess assets, property, and liability. This allows you shield your personal assets from the assets of the limited liability company.

The book value is the difference between a company's assets and their total liabilities. It is usually drawn from the balance sheet of a company.

divestment is the selling of and dispose of the unprofitable assets of the company and disinvestment is defined as the getting money back from the investment in any company.

If the partnership go into debt, you can lose personal assets aswell as the businesses assets. A private company's assets can only be ceased if the company go into debt.

assets are what the business owned and liabilities are what the business owe.

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.

Tangible assets are classified into fixed assets and current assets while intangible assets are classified into legal assets part of intangible assets

Investing in shares is where you purchase a certain share of a company. Investing in real assets mean when you actually purchase a house, or gold or silver.

Unlike the shareholders in a limited company, the members of a general partnership have no financial protection if the business runs into trouble - each partner is responsible for the debts of the partnership as a whole. This means that each partner's personal assets may be at risk if the business fails

to protect the owners from unlimited liability in the event the company has more debts than assets. The limited company protects the share owners from any claims on their personal assets or income.

Property is that which an individual owns. Real property is real estate, land, investment/rental properties, homes, etc. Personal property is jewelry, art, automobiles, valuable collections, cash and financial assets other than real property.

The personal assets of the members of an LLC are protected in case there is a lawsuit against the company.

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 total current assets and total liability is the working capital. It goes with a formula 'current asset -current liability =working capital '

When the company owners fail to recognize corporate formalities and instead treat corporate assets as their own personal assets.

Equity is the proportion of those assets you own, compared to the debt on those assets. An example would be a house. A house is an asset. The equity is the amount of the mortgage that is paid off plus any appreciation the value of the house. Same with a company. Its the difference between what you own and the debt or liabilities. Assets minus liabilities equals equity. You have equity in assets.

Personal assets are things that are owned and accumulated by someone. Personal assets are also things that can help an individual establish their net worth.

Real assets are physical assets such as plant, machinary, vehicles, stock/ inventory. Financial assets, are cash, bonds, shares etc., etc.

Assets are those items which are usable in business to generate revenue while liabilities are those amounts which arises due to business activities and are payable by company to it's owners or to third parties.

We can feel tangible asset,where as we cannot feel intangible asset

Yes - it's the sum of your assets minus the sum of your liabilities.

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