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Is fixtures and fittings a current asset or a non current asset?
non current
How would you determine whether an asset is current asset or noncurrent asset?
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.
Is bonds payable a noncurrent liability?
no, it is current liability
Is fixtures and fittings an asset?
sure it is
Are fittings and fixtures a cost or an expense?
It is an asset.
Is fixtures and fittings a current asset or a non current asset?
non current
How would you determine whether an asset is current asset or noncurrent asset?
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.
How do you convert noncurrent assets into assets?
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
Is bonds payable a noncurrent liability?
no, it is current liability
Is fixtures and fittings an asset?
sure it is
Are fittings and fixtures a cost or an expense?
It is an asset.
Is gold is fixed asset or current asset?
Current asset
Is furniture and fixtures a debit or credit?
Furniture is a credit and so is fixtures But furnitures are asset and fixtures are expenses
Is fixtures an asset or liability?
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.
Is cafe a current asset or fixed asset?
Current asset.
Is prepaid insurance a current asset or fixed asset?
Current Asset
Is money lent by a bank a current asset or non current asset?
non current asset
