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Tangible or intangible ?

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(Querist)
22 March 2014 I want to know whether Sundry Debtors is a Tangible Assets or Intangible Assets ?

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Yogesh Shukla

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Yogesh Shukla (Expert)
22 March 2014 Tangible assets are those that have a physical substance and can be touched.
Normally current assets are not qualified into tangibles or intangibles. Going
strictly by the definition of "touch bility", sundry debtors, cash at bank, deposits,advances to creditors, etc will qualify to be called intangible current assets.
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