answersLogoWhite

0

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.

User Avatar

AnswerBot

4mo ago

What else can I help you with?

Related Questions

What is the difference between 'as on' and 'as at' in accounting?

There is no difference between both terms as both terms represents the date at which financial statements are prapared.


What is the difference between abridged financial statements and detailed financial statements?

"Abridged" is more condensed, while "detailed" is just as it implies - detailed, with all financial details, facts and figures included.


What is the difference between What is the difference between financial accounting and management accounting?

Financial accounting is used to present the performance and financial statements to third parties while management accounting is used for company's internal working purpose.


What is the difference between Companys' and Company's?

company's


What is the difference between financial objectives and strategic objectives?

Any objective that is market based is strategic objective. Any objective that can be derived from financial statements is financial objective.


The difference between recognition and realization?

Realization: when sold and coverted to cash (or claims to cash) Recognition: when recorded in the financial statements.


What is the difference between annual and interim financial statements?

Annual financial statements are the financial statements dated as of the company's fiscal year-end and reports the results of the previous 12 months of activities. Interim financial statements are the financial statements prepared for those periods of time (monthly, quarterly, etc.) between the company's annual financial statements. Assume a company has a June 30th fiscal year-end. The company would issue annual financial statements dated 06/30/07, 06/30/08, etc. However, the company's 09/30, 12/31, and 03/31 quarterly financials would be termed interim financials.


What is a balancing figure?

A balancing figure is used in accounting to reconcile discrepancies between accounting records, typically found during the preparation of financial statements. It represents the difference between the debits and credits in an account, which must be identified and resolved to ensure that the financial statements are accurate.


What is the difference between financial budget and a financial budget?

There is no difference between them.. Their difference only is how you understood about financial budget.. :)


What is the difference between consolidated and parent company statements?

Comparative financial statements compares one set of financial statement with another set of financial statements while consolidated financial statement is prepared where in company there is parent and child company relationship exists to join the financial statements of parent and child company as a single financial statements.


What is the difference between consolidated and parent entities?

The main difference between consolidated and parent entities is that consolidated financial statements show the activities of the parent company and all of its subsidiaries. A stand alone, or parent financial statement, treats each subsidiary as a a separate entity.


What is differece between time differece and temprary difference?

"Time difference" refers to the difference in time between two points or events, such as time zones or travel times. "Temporary difference" refers to the difference between the carrying amount of an asset or liability on the financial statements and its tax base, which will reverse in the future.