CameraIcon

SearchIcon

MyQuestionIcon

2

You visited us 2 times! Enjoying our articles? Unlock Full Access!

Grouping of Assets & Liabilities

Is cash a fix...

Question

Is cash a fixed asset?

Open in App

Solution

Cash is not a fixed asset, cash and cash equivalents are current assets that are used to operate the daily functions of a business needs.

Also see:

What Are Current Assets?

Fixed Assets Vs Current Assets

Suggest Corrections

thumbs-up

0

Similar questions

Q. Objective Type Questions :
State whether following statements are true or false :

Purchase of fixed asset is operating cash flow.

Q. Give one word/term/ phrase for each of the following statements :

The type of activity in cash flow analysis, involving purchase of fixed asset.

Purchase of fixed assets is ___ while calculating cash flow from investing activities.

Q. Purchase of fixed assets will result in cash from investing activities.

Purchase of fixed assets will result in cash ___ from investing activities.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Balance Sheet

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Grouping of Assets & Liabilities

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon