Assets are resources controlled by the business from which future economic benefits are expected to flow. In the case of current assets (e.g. Inventory) this period is expected to be within 1 period while Long term Assets (Non-Current Assets) are assets which are expected to be used over more than one period (12months) or which are held for indefinite capital accumulation (e.g. Investment Property)
fixed assets are long term assets which used by business for revenue generation while inventory is current asset used for one fiscal year.
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
fixed assets are long term assets which have long term period
the long term is different between a short term because the short
If investments are for short term then these are current assets but if these are for long term then non-current assets.
what is the difference and similarity between cash budget and long term financial planning
if loans given for short term period then current assets but if given for long term then non-current assets.
Long term assets are assets that can't be easily converted in to cash like vehicles,equipments and machineries .
A long-term goal is reached further in the future.
term schulder
Short term liabilities are those whose life is less than 12 months. Long term assets: I presume you mean either long term liabilities (whose life is greater than 12 months) or long term assets is the value of a company's property, equipment and other capital assets minus depreciation.
No investments in other business are normally for long term basis. If investments are for long term then long term assets otherwise current assets.