A physical piece of property, plant, or equipment (PP&E) is referred to as a fixed asset; it is also referred to as a non-current asset. An asset is considered fixed since it is something that a company will not consume, sell, or convert to cash throughout the accounting year.
Current, non-current, physical, intangible, operating, and non-operating assets are all common asset kinds. The ability to correctly identify and classify asset kinds is crucial to a company's survival, particularly its solvency and associated risks.
Fixed assets are assets that are held for use in the production or delivery of products or services, for rental to others, or for administrative purposes, and are expected to be used over a period of time.
Cash, inventory, vehicles, equipment, buildings, and investments are examples of tangible assets. Accounts receivable, pre-paid expenses, patents, and goodwill are examples of intangible assets that do not have a physical form.
Useful course 👍
Very helpful course
I am interest this course
Barun Singh sonar
really love this course, I strongly suggest to make upper level course
Good for learn
superb and helpful course.
I m doing business from last 4 years but didn't understand profit loss statement but due to this course I am Very Confidient I will learn each every concept of Accounting
Share a personalized message with your friends.