

InterviewSolution
Saved Bookmarks
1. |
Write any two example of assets |
Answer» Lands, building, furniture, machinery<br>Two example of assets areLand Cash MoneyFactoryMachinery\'s<br>Examples of current assets include:\tCash and cash equivalents:\xa0Treasury bills, certificates of deposit, and cash\tMarketable securities:\xa0Debt securities or equity that is liquid\tAccounts receivables:\xa0Money owed by customers to be paid in the short-term\tInventory: Goods available for sale or raw materialsExamples of fixed assets include:\xa0\tVehicles (such as company trucks)\tOffice furniture\tMachinery\tBuildings\tLand<br>Any valuable thing which has monetary value and owned by a business, is its asset. In other words, assets are the monetary values of the properties or the legal rights that are owned by the business organisations.Fixed Assets− These are those assets that are hold for the long term and increase the profit earning capacity and productive capacity of the business. These assets are not meant for sale, for example, land, building machinery, etc.Current Assets− Assets that can be easily converted into cash or cash equivalents are termed as current assets. These are required to run day to day business activities; for example, cash, debtors, stock, etc. | |