Question

What is the difference between
(1) Tangible Asset and Intangible Asset
(2) Current Asset and Fixed Asset

Answer 1

Answer:

1. Tangible asset means ...which we can touch and feel.

Intangible means...which we can feel.

2. Current assets ...these assets are held for the purpose of converting them into cash within the period of one year. eg. cash , bank , stock , debtors.

Fixed assets these are the assets which are purchased , not for sale but are held for long term point of view for facilitating business operations. eg. machinery , good will , copy rights, land , building.

Answer 2

tangible asset

are physical and measurable assets that are used in a company's operations. Asset like property, plant, and equipment, are tangible assets.

Intangible assets

are typically nonphysical assets used over the long -term. Intangible assets are often intellectual assets, and as a result, it's different to assign a value to them because of the uncertainty of the future benefits.