Question

name the types of asset and different between the type of asset​

Answer 1

Answer:

When we speak about assets in accounting, we’re generally referring to six different categories: current assets, fixed assets, tangible assets, intangible assets, operating assets, and non-operating assets. Your assets can belong to multiple categories. For example, a building is an example of a fixed, tangible asset.

It’s important to make sure that you’re classifying your assets properly, otherwise, you could run into problems. The correct classification of fixed assets in accounting can help you to properly gauge your business’s net working capital, whereas understanding the difference between tangible and intangible assets is an important element of assessing risk and solvency.

Answer 2

Answer:

Fixed or Non-Current Assets

Non-current assets are assets that cannot be easily and readily converted into cash and cash equivalents. Non-current assets are also termed fixed assets, long-term assets, or hard assets. Examples of non-current or fixed assets include: Land.

Explanation:

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