Fixed Assets These are items bought in the business not for resale but to be used over a period of several years. These assets are of a long term nature. Examples of Fixed Assets would include machinery, building and furniture. Current Assets These are items in the business which are used up and change daily…
Tag: Liabilities
Assets, Liabilities & Capital
Assets Assets are things that a company owns and are sometimes referred to as the resources of the company. The properties used in the operation or investment activities of a business. Assets include tangible and intangible items. Tangible items can be physically seen and touched such as vehicles, equipment and buildings. Intangible items are like…