1.

Give one difference between  Fixed assets and Current assets.

Answer»
Fixed AssetCurrent Asset
Fixed Assets are assets which are acquired to use in the organization for a long period of time to help in the servicing or manufacturing process. The duration of fixed assets'” is normally more than 5 years.Current assets are an asset which can be easily convertible into rupees. It is also used to meet the daily expenditure of the company. The duration of current assets is normally 1 to 2 years.



Discussion

No Comment Found

Related InterviewSolutions