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.
non current
I am taking a course in Accounting, and I was taught that an asset is current if it will be used up within one year. Long-term assets are those that last over 12 months.
no, it is current liability
sure it is
It is an asset.
non current
I am taking a course in Accounting, and I was taught that an asset is current if it will be used up within one year. Long-term assets are those that last over 12 months.
since noncurrent assets are fixed assets and current asset are business properties tend to be used within a years period example machinery a business can put their properties on sale example they can rent them out as hire purchasing from them the business gets money
no, it is current liability
sure it is
It is an asset.
Current asset
Furniture is a credit and so is fixtures But furnitures are asset and fixtures are expenses
Assuming they have been paid for . . . .it is an asset on the balance sheet. When calculating the value to give fixtures for the balance sheet, be sure to include an assessment of depreciation.
Current asset.
Current Asset
non current asset