CA Foundation Exam > CA Foundation Questions > Are fixed assets called also non- current ass...
Start Learning for Free
Are fixed assets called also non- current assets? Answer in only yes or no firstly.i don't need any explanation about it.?
Most Upvoted Answer
Are fixed assets called also non- current assets? Answer in only yes o...
Yes
Explanation:
Fixed assets are indeed called non-current assets. Non-current assets are long-term assets that are not expected to be converted into cash within one year. Fixed assets, such as property, plant, and equipment, are a specific category of non-current assets. These assets are essential for a company's operations and are expected to provide economic benefits for more than one year. Therefore, fixed assets fall under the broader category of non-current assets, which also includes intangible assets, long-term investments, and other long-term assets. It is important for businesses to properly manage and account for their fixed assets as they play a crucial role in generating revenue and sustaining the company's operations over the long term.
Explanation:
Fixed assets are indeed called non-current assets. Non-current assets are long-term assets that are not expected to be converted into cash within one year. Fixed assets, such as property, plant, and equipment, are a specific category of non-current assets. These assets are essential for a company's operations and are expected to provide economic benefits for more than one year. Therefore, fixed assets fall under the broader category of non-current assets, which also includes intangible assets, long-term investments, and other long-term assets. It is important for businesses to properly manage and account for their fixed assets as they play a crucial role in generating revenue and sustaining the company's operations over the long term.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
Are fixed assets called also non- current assets? Answer in only yes or no firstly.i don't need any explanation about it.?
Question Description
Are fixed assets called also non- current assets? Answer in only yes or no firstly.i don't need any explanation about it.? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Are fixed assets called also non- current assets? Answer in only yes or no firstly.i don't need any explanation about it.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Are fixed assets called also non- current assets? Answer in only yes or no firstly.i don't need any explanation about it.?.
Are fixed assets called also non- current assets? Answer in only yes or no firstly.i don't need any explanation about it.? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Are fixed assets called also non- current assets? Answer in only yes or no firstly.i don't need any explanation about it.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Are fixed assets called also non- current assets? Answer in only yes or no firstly.i don't need any explanation about it.?.
Solutions for Are fixed assets called also non- current assets? Answer in only yes or no firstly.i don't need any explanation about it.? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Are fixed assets called also non- current assets? Answer in only yes or no firstly.i don't need any explanation about it.? defined & explained in the simplest way possible. Besides giving the explanation of
Are fixed assets called also non- current assets? Answer in only yes or no firstly.i don't need any explanation about it.?, a detailed solution for Are fixed assets called also non- current assets? Answer in only yes or no firstly.i don't need any explanation about it.? has been provided alongside types of Are fixed assets called also non- current assets? Answer in only yes or no firstly.i don't need any explanation about it.? theory, EduRev gives you an
ample number of questions to practice Are fixed assets called also non- current assets? Answer in only yes or no firstly.i don't need any explanation about it.? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup