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Question
What are fixed assets and current assets?
What are fixed assets and current assets?
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Solution
Fixed assets are those assets that provide value to the business for the long term, while current assets are those assets that provide value to the business in the current accounting period or provide short term value to the business.
Also read:
- Fixed Assets Vs Current Assets
- Intangible Assets
- Intangible Assets
- Difference Between Assets and Liabilities
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
Fixed assets are those assets that provide value to the business for the long term, while current assets are those assets that provide value to the business in the current accounting period or provide short term value to the business.
Also read:
- Fixed Assets Vs Current Assets
- Intangible Assets
- Intangible Assets
- Difference Between Assets and Liabilities
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
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