an accountant certifie
fixed assets are long term assets which have long term period
An organization's long haul obligation to-add up to resource proportion estimates its influence and goes about as a measurement for deciding its dissolvability. The proportion is determined by separating all out long haul obligation (for example obligation with over a year to development) by complete resources. A drawn out obligation proportion of 0.5 or less is viewed as a decent definition to show the wellbeing and security of a business.
Long-term assets, also known as non-current assets, are resources owned by a company that are expected to provide economic benefits over a period longer than one year. They include tangible assets like property, plant, and equipment, as well as intangible assets such as patents and trademarks. These assets are crucial for a company's operations and growth, as they are used to generate revenue over time. Long-term assets are recorded on the balance sheet and typically depreciated or amortized over their useful lives.
If investments are for short term then these are current assets but if these are for long term then non-current assets.
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 .
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.
Assets: Inventory 25000 Other current assets 100000 Long term assets 75000 Total assets 200000 Liabilities: Current liabilities 50000 Long term liabilities 150000
Tangible assets normally are long term capital assets, but could be short term. Some long term tangible assets can be depreciated while others can not. For example a building or piece of equipment is a tangible long term asset that can be depreciated for financial and tax purposes. Land is also a tangible asset, but can not be depreciated.
Premises are long term assets of company that's why these are shown in long term assets in balance sheet.
Tangible assets normally are long term capital assets, but could be short term. Some long term tangible assets can be depreciated while others can not. For example a building or piece of equipment is a tangible long term asset that can be depreciated for financial and tax purposes. Land is also a tangible asset, but can not be depreciated.