notes receivable
non current assets are like land, building machinery premises etc
Current assets
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
examples for current assets?
non-current assets.
non current assets are like land, building machinery premises etc
Current assets
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
If investments are for short term then these are current assets but if these are for long term then non-current assets.
examples for current assets?
non-current assets.
Non current assets decrease with depreciation which is due to wear and tear due to usage of that assets in revenue generation.
If investments made for short term securities then it is current assets other wise non-current assets.
current & non-current
if loans given for short term period then current assets but if given for long term then non-current assets.
Cash and balances are both current assets and shown in current section of balance sheet.
depreciation non current asseate