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Difference between fixed asset and current …

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Difference between fixed asset and current asset

Posted by Sunil Kum 6 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 2 years, 10 months ago

Current assets are short-term assets that are typically used up in less than one year. Current assets are used in the day-to-day operations of a business to keep it running. Fixed assets are long-term, physical assets, such as property, plant, and equipment (PP&E). Fixed assets have a useful life of more than one year.

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