distinguish between current assets and fixed assets
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Hello dear here is your answer
Fixed assets
*Fixed assets are those assets which are purchased for long term use.
*We can't convert it quickly in cash.
*Some example of fixed assets are Land and building, Plant and machinery, Patent, Goodwill Copyright etc.
Current assets
*Current assets are those acids which are purchase for short term use.
*We can convert it quickly in cash.
*some example of current assets are Debtors, Bills receivable, Accrued Income etc.
Hope it will help you....
Fixed assets
*Fixed assets are those assets which are purchased for long term use.
*We can't convert it quickly in cash.
*Some example of fixed assets are Land and building, Plant and machinery, Patent, Goodwill Copyright etc.
Current assets
*Current assets are those acids which are purchase for short term use.
*We can convert it quickly in cash.
*some example of current assets are Debtors, Bills receivable, Accrued Income etc.
Hope it will help you....
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