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fixed assets are those assets used for more than one fiscal year while current assets only used for one fiscal year.

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10y ago

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What is the difference between total current assets and total current liabilities is?

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


What is the difference between current assets vs total assets?

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


What the difference between current assets vs total assets?

Current assets are assets include assets that will converted into cash or consumed in the current operating period while total assets include all assets regardless of when they will be converted to cash or consumed.


What is difference between gross working capital and net working capital?

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


What is the difference between total assets and current assets in a company's financial statements?

Total assets include all of a company's assets, both current and non-current, while current assets are a subset of total assets that can be easily converted into cash within a year.


How do you calculate overdraft?

it is the difference between current assets and current liabilities which is the working capital gap


What is the difference between current assets and quick assets?

Current Assets should be convertible into cash in the coming year. Quick assets are cash or are easily converted into cash (no liquidity or marketability issues).


Difference between current assets and current liability?

Current assets are those items which are usable during current year while current liabilities are those payments which are payable within one fiscal year.


What is the difference between fixed assets and non current assets?

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.


What is the difference between liquid assets and current assets?

liquid asset can be converted into cash within a very short span of time...


Is gross working capital refers to the company's investment in current assets?

Gross Working Capital is the difference between the current assets and current liabilities where 'current' implies 'within one year' i.e Working Capital = Current Assets - Current Liabilities Working Capital is added to the Fixed Assets to get Net Fixed Assets of a company. i.e. Net Fixed Assets = Fixed Assets + Working Capital


Difference between permanent current assets and temporary current assets?

permanent asset should be financed with permanent and spontaneous sources of financing,while temporary assets should be financed with temporary sources of financing.