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Distinguish between fixed and current assets and describecurrent ratio.Distinguish between fixed and current assets...

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Accounting

Distinguish between fixed and current assets and describecurrent ratio.

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Fixed assets VS Current assets When a business entity acquires an asset with an intention of using it in business or perform business operations with that asset it will be called as fixed asset Generally the life of such assets or economic benefit expected from such assets is likely to spread over some number of years into future In accounting terminology they are capital expenditures involving huge cash    See Answer
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In: AccountingDistinguish between fixed and current assets and describecurrent ratio.Distinguish between fixed and current assets and describecurrent ratio.

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