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XI Accounting Class 02 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.

 

About Tariq Aziz

Tariq Aziz is a Teacher He is from Karachi, Pakistan. He is 30 years old and he has been teaching for 5 years. his nickname is Mr Crazy.

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