Current assets and fixed assets are located on a company's balance sheet, which consists of the assets of a company whether they are financed by equity or debt. Current assets are short-term assets, and fixed assets are long-term assets.  
Current assets can be converted into cash is less than one year. Current assets are used for running the business and paying operational expenses. As a result, short-term assets like current assets are liquid meaning they can be easily converted into cash.
Current assets on a balance sheet may include the following:
Cash and cash equivalents like certificates of depositMarketable securities like equity or debt securitiesAccounts receivable, or money owed by customers to the company for sales that are typically paid in less than 90 daysInventory including finished goods and raw materialsPrepaid expenses
Fixed assets are long-term assets used by a company in producing its goods and services. Fixed assets have a useful life greater than one year. Fixed assets are listed on the balance sheet as property, plant, and equipment (PP&E). Fixed assets are also called tangible assets, meaning they have physical properties or can be touched. 
Fixed assets can include the following: 
Vehicles like company cars and trucksOffice furnitureMachineryBuildingsLand