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Asset calcification

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(Querist)
17 June 2008 Are loans & Advances and debtors tangible assets or intangible assets
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Shekar

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Shekar (Expert)
17 June 2008 They are Current assets....
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Shekar

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Shekar (Expert)
17 June 2008 and very much tangible..
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S.Veda Prakash

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S.Veda Prakash (Querist)
17 June 2008 But on the normal course of business they do not have physical existance
So this dosent fit into the definition.
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Shekar

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Shekar (Expert)
18 June 2008 They do have physical existence...Debtor is someone who owes money to business & he has physical existence...same in the case of loan or Advance reciever...

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