Question

Differentiate between fixed and current assets giving three example in each case

Answer 1

Current assets are short-term assets, whereas fixed assets are typically long-term assets. However, there are other differences between them. Current assets are assets that can be converted into cash within one fiscal year or one operating cycle. ... Cash and cash equivalents, which might consist of certificates of deposit.

and here is example...Examples of current assets include:

Cash and cash equivalents, which might consist of certificates of deposit

Marketable securities such as equity or debt securities

Accounts receivable, or money owed to the company for selling their products and services to their customers

Inventory

Prepaid expenses

Fixed assets are noncurrent assets that a company uses in its production or goods and services that have a life of more than one year. Fixed assets are recorded on the balance sheet and listed as property, plant, and equipment (PP&E). Fixed assets are long-term assets and are referred to as tangible assets, meaning they can be physically touched.