Any asset with the useful life of one or more than one year is Non-Expendable asset.
Any asset with the useful life of less than one year is Expendable asset.
plant assets comes under non current assets. now non current assets are those which are not easily feasible in cash like land, building or other fixed properities.
Assets have of two types Current Assets Non-Current/ Fixed Assets Current Assets are those which company utilizes in one fiscal year for example, material, Fixed assets are those assets which company utilizes for more than one fiscal year for example, machinery, plant, equipment etc
current assets areflexible in nature ' easy encash fixed assets are fixed in nature ;non-moving assets are not easy to encash regulary [by:naruto akiem]
The difference between current assets and fixed assets as follows: Current assets are flexible in nature, easy to encashable and floating money to company. Fixed assets are fixed in nature in other words non-moving assets, not easy to encash, and are regularly depreciated. Classification: Current assets: Cash - at hand and at bank Inventories Sundry Debtors Advance and Deposits Fixed Assets: Land and Building Furniture and Fittings Tools and tackles Plant and Machinery Computer (including assessories and UPS)
Current asset appears first in the balance sheet such as cash, accounts receivable and inventory. Fixed assets are those such as land, buildings, vehicles, furnitures, office equipments. In short, fixed assets are also known as non-current asset. It can also be known as capital assets or plant, property and equipment.
Expendable trust funds are designed to be used for specific purposes and can be spent down over time, typically for projects or initiatives defined by the donor or governing body. Non-expendable trust funds, on the other hand, are intended to be preserved indefinitely, with only the income generated from the principal being used for expenditures. Essentially, expendable funds can be depleted, while non-expendable funds must maintain their principal amount.
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.
plant assets comes under non current assets. now non current assets are those which are not easily feasible in cash like land, building or other fixed properities.
Expendable, non-expendable, and durable
Probate assets are part of a deceased person's estate that go through the probate process, while non-probate assets pass directly to beneficiaries outside of probate. Probate assets include property solely owned by the deceased, while non-probate assets include assets with designated beneficiaries or joint ownership.
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.
Non-expendable, expendable, durable
Assets have of two types Current Assets Non-Current/ Fixed Assets Current Assets are those which company utilizes in one fiscal year for example, material, Fixed assets are those assets which company utilizes for more than one fiscal year for example, machinery, plant, equipment etc
current assets areflexible in nature ' easy encash fixed assets are fixed in nature ;non-moving assets are not easy to encash regulary [by:naruto akiem]
difference between a proposition and non proposition
In loan agreements, recourse means the lender can go after the borrower's assets if they default on the loan. Non-recourse means the lender can only use the collateral for the loan and cannot pursue the borrower's other assets.
The difference between current assets and fixed assets as follows: Current assets are flexible in nature, easy to encashable and floating money to company. Fixed assets are fixed in nature in other words non-moving assets, not easy to encash, and are regularly depreciated. Classification: Current assets: Cash - at hand and at bank Inventories Sundry Debtors Advance and Deposits Fixed Assets: Land and Building Furniture and Fittings Tools and tackles Plant and Machinery Computer (including assessories and UPS)