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What else can I help you with?
Is fixtures and fittings a current asset or a non current asset?
non current
Is premises an asset or liability?
premises is an asset
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 money lent by a bank a current asset or non current asset?
non current asset
Is fixtures and fittings a current asset or a non current asset?
non current
Is premises an asset or liability?
premises is an asset
Is the premises note an asset or a liability?
Premises as in Property (Commercial/Industrial) are classified as 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 a premises an asset or liability?
asset
Is premises a asset or liability?
asset
Is premises is current asset or fixed asset?
Premises, if owned, are considered as a fixed asset. This is because it is usually retained for the long term, and is used by the firm to generate profits. An example is a bakery shop - the shop is used as an outlet to sell bakery goods.
Is premises a current asset?
Premises, which refer to the physical buildings or property owned by a business, are typically classified as non-current assets rather than current assets. This is because they are long-term investments that a company uses for operations and are not expected to be converted into cash or consumed within one year. Current assets usually include items like cash, inventory, and accounts receivable. Therefore, premises are not considered current assets.
