Practicing Success
The assets of a business can be classified in which category? |
Non-Current and Current Asset Fixed and Non-fixed Assets Tangible and Intangible Assets None of these |
Non-Current and Current Asset |
The classified balance sheet in terms of current and non-current assets and current and non-current liabilities have been introduced. The criteria for defining current assets and liabilities has been clearly spelled out with non-current assets and liabilities being the residual items. |