Those assets which are acquired and held permanently for a long time in the business are fixed assets.
2.Current Assets
Those assets which can not be put to constant uses and intended for resale or which in the ordinary course of business will be converted into other assets are current assets.
3.Intangible Assets
Intangible assets are those assets whih can not be touched,seen and have no volume but have value.
4.Wasting Assets
Those assets which are depceted gradually or exhausted in the process of earning income are known as wasting assets.
2.Current Assets
Those assets which can not be put to constant uses and intended for resale or which in the ordinary course of business will be converted into other assets are current assets.
3.Intangible Assets
Intangible assets are those assets whih can not be touched,seen and have no volume but have value.
4.Wasting Assets
Those assets which are depceted gradually or exhausted in the process of earning income are known as wasting assets.
0 comments:
Post a Comment