Question
Fixed assets and Current assets
Answer :
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Fixed assets are long-term, tangible assets such as land, equipment, buildings, furniture and vehicles. Fixed assets are parts of the company that help with production and are components that last over time in the company. They are physical assets that can be seen. They are not used for liquidation purposes to contain debt within a business or cashed out in any way to aid a business financially.
Current assets are the general inventory of a company, including cash, accounts receivable, insurance claims, investments, and intangible or non-physical items. Current assets account for the worth of a company,
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