WRITE THE DIFFERENCE BETWEEN CURRENT AND NON CURRENT ASSETS ?

1.	WRITE THE DIFFERENCE BETWEEN CURRENT AND NON CURRENT ASSETS ?
Answer» Current assetsCurrent assets are assets which can easily be converted into cash or used to pay-off current liabilities within one year.Examples of current assets include cash, inventory, accounts receivable (moneyMoney is a generally accepted medium of exchange to buy and... More that customers owe the company), prepaid liabilities or other liquid assets.These are the assets that help companies operate on a day-to-day basis, covering expenses as they arise and ensuring the smooth functioning of business activities.Non-current assetsNon-current assets are assets which represent a longer-term investment and cannot be converted into cash quickly. They are likely to be held by a company for more than a year.Examples of non-current assets include land, property, investments in other companies, machinery and equipment. Intangible assets such as branding, trademarks, intellectual property and goodwill would also be considered non-current assets.Hope it helped ??....

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