answersLogoWhite

0

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.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What is difference between fixed asset and non current asset in detail?

assests means


What is difference between fixed asset and inventory?

What is the difference between fixed asset and inventory


Difference between net worth and working capital?

Working Capital is the difference between Current Assets and Current Liabilities.Net Worth is Total Assets -Total Liabilities current asset-current Liability=Working Capital working Capital Plus+Fixed Asset-LongTerm Liabilities = Net Worth in another word: (Current Asset+Fixed Asset)-(current Liability+Long Term Liability)= Net Worth Now you got it ?


Is a desk a fixed asset or a current asset?

A fixed asset.


Is gold is fixed asset or current asset?

Current asset


Is cafe a current asset or fixed asset?

Current asset.


The difference between the balance of a fixed asset account and the related accumulated depreciation account is termed?

Net Fixed Assets is the term used for the difference between the balance of a fixed asset account and the related accumulated depreciation.


Is prepaid insurance a current asset or fixed asset?

Current Asset


Is car a fixed asset or current asset?

fixed assest


Is fixed asset a current asset?

fixed deposit is an assets


What is the difference between non current asset and plant 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.


What is difference between fixed asset and current asset?

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)