What are Assets?, list of Current Assets and Fixed Assets

XI Accounting Class 02 Assets, Current Assets, Fixed Assets, Tangible Assets and Intangible Assets,in Urdu and Hind

Assets

CURRENT ASSETS

  • Cash/Bank:  (cash in hand) ( cash at bank)
  • Accounts Receivable:
  • Notes Receivable  
  • Merchandise inventory /goods
  • Prepaid Expenses:
  • Supplies:
  • Marketable Securities:

 

FIXED ASSETS

An asset of a business intended for continuing use, rather than a short-term current asset (such as merchandise) is called fixed asset.

There are two types of fixed assets:

Tangible Fixed Assets: :

Land, Building, Machinery, Furniture, Equipment, etc.

Intangible Fixed Assets:::

Goodwill, Copyright, Trademark, Patents, etc.

 

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