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Is fixtures is current or non-current asset?
Fixtures is an item of property plant and equipment and is considered a non-current asset. In order for something to be classified as a current asset, the asset is to be realised within the normal course of business for the company or within 12 months.
Is premises a current asset or non current asset?
non-current assets.
Is freight a current asset or non current asset?
it is a expense
Is Closing Inventory is it a current asset?
is closing inventory a current or non current asset
Is warranty expense a current or non-current asset?
An expense is not an asset at all.
Is fixtures is current or non-current asset?
Fixtures is an item of property plant and equipment and is considered a non-current asset. In order for something to be classified as a current asset, the asset is to be realised within the normal course of business for the company or within 12 months.
Is money lent by a bank a current asset or non current asset?
non current asset
Is premises a current asset or non current asset?
non-current assets.
Is freight a current asset or non current asset?
it is a expense
Is Closing Inventory is it a current asset?
is closing inventory a current or non current asset
Is warranty expense a current or non-current asset?
An expense is not an asset at all.
Why do amount for vehicle appear under non current asset and current asset?
Because it's a fixed asset
Is machinery current asset or non current asset?
It is a non-current asset. Here is why: according to the Business Dictionary, a non-current asset refers to something that will not be converted to cash within twelve months, or a resource that will not be consumed or sold within the normal operating cycle of a business. By either definition, that describes machinery.
Why do amount of vehicles appear in non-current assets and current assets?
Vehicle is a fixed asset so it should be shown in fixed asset list and not in current asset list.
What is difference between fixed asset and non current asset in detail?
assests means
Is cash a non current asset?
No, cash is not considered a non-current asset; it is classified as a current asset. Current assets are resources expected to be converted into cash or used up within one year, while non-current assets are long-term investments that will provide value over a period longer than one year. Cash, being readily available for use in transactions, falls under the current asset category.
Is deferred tax a current or non-current asset?
Deferred tax is classified as a non-current asset. It arises when there are temporary differences between the accounting treatment of certain transactions and their tax treatment, leading to taxes that are recoverable in future periods. This means that the deferred tax asset is expected to be realized beyond the current fiscal year, making it non-current in nature.
