Current Asets - urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2010
Will current assets like debtor, cash at bank qualified to be an intangibe current assets? If yes, why?
08 August 2010
They are not intangible assets.
Intangible assets are those which can not be quantified easily and does not physically exist.
Intangible assets are those which can not be quantified easily and does not physically exist.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
09 August 2010
Please throw some more light on this.
09 August 2010
Current Assets are tangible assets and not intangible assets.
Assets may be classified as under :
(a) Current Assets
Assets which are in the form of cash or convertible into cash easily are called current assets. Cash, Bills Receivable, debtors and stock are current assets.
(b) Fixed Assets
Assets in the form of immovable properties like furniture, land, building and Machinery are called fixed assets. These are not for conversion into cash.
(c) Intangible Assets
These are the assets which cannot be seen like goodwill, patents, etc
Assets may be classified as under :
(a) Current Assets
Assets which are in the form of cash or convertible into cash easily are called current assets. Cash, Bills Receivable, debtors and stock are current assets.
(b) Fixed Assets
Assets in the form of immovable properties like furniture, land, building and Machinery are called fixed assets. These are not for conversion into cash.
(c) Intangible Assets
These are the assets which cannot be seen like goodwill, patents, etc
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