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Assets are resources controlled by the business from which future economic benefits are expected to flow. In the case of current assets (e.g. Inventory) this period is expected to be within 1 period while Long term Assets (Non-Current Assets) are assets which are expected to be used over more than one period (12months) or which are held for indefinite capital accumulation (e.g. Investment Property)
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Difference between inventory and fixed assets?
fixed assets are long term assets which used by business for revenue generation while inventory is current asset used for one fiscal year.
What is the difference between current assets vs total assets?
Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets
What is the difference between long term and short term capital gain?
The main difference between long-term and short-term capital gains is the length of time an asset is held before it is sold. Short-term capital gains are profits made on assets held for one year or less, while long-term capital gains are profits made on assets held for more than one year. The tax rates for these gains also differ, with long-term gains typically taxed at a lower rate than short-term gains.
What is the difference between long term capital gain and short term capital gain?
The main difference between long-term capital gains and short-term capital gains is the length of time an asset is held before it is sold. Long-term capital gains are from assets held for more than one year, while short-term capital gains are from assets held for one year or less. The tax rates for long-term capital gains are typically lower than those for short-term capital gains.
Explain - fixed assets?
fixed assets are long term assets which have long term period
What is the difference between a short- and long-term goal?
the long term is different between a short term because the short
What is the similarity and difference between the cash budget and long term financial planning?
what is the difference and similarity between cash budget and long term financial planning
Are investments current assets or other assets?
If investments are for short term then these are current assets but if these are for long term then non-current assets.
What is the difference between a short- and long- term goal?
A long-term goal is reached further in the future.
Difference between long term schulder and short term schulder?
term schulder
Are the 'term loans' current assets or fixed assets?
if loans given for short term period then current assets but if given for long term then non-current assets.
What are long term assets?
Long term assets are assets that can't be easily converted in to cash like vehicles,equipments and machineries .
